59   CONSOLIDATED STATEMENT OF INCOME AND EXPENSES
              Cooperative Banking System
              for the periods indicated
              in billion pesos
Selected Accounts   COOPERATIVE BANKS
Mar-06 Jun-06 Sep-06 Dec-06
OPERATING INCOME 0.212 0.433 0.646 0.904
       Net Interest Income 0.115 0.233 0.343 0.488
          Interest Income 0.235 0.472 0.712 0.989
          Less: Interest Expense 0.120 0.240 0.370 0.501
 
       Non-Interest Income 0.097 0.201 0.303 0.416
         Fee-based Income 0.070 0.142 0.216 0.289
         Trading Income/(Loss) 0.000 0.000 0.000 0.000
         Trust Department Income 0.000 0.000 0.000 0.000
         Other Income/(Loss) 0.027 0.059 0.088 0.128
  OPERATING EXPENSES 0.162 0.340 0.516 0.726
    Bad Debts Written Off  0.000 0.000 0.001 0.002
    Provisions 0.006 0.014 0.023 0.034
    Other Operating Expenses 0.157 0.326 0.492 0.690
       Overhead Costs 0.108 0.218 0.332 0.461
       Other Expenses 0.049 0.108 0.160 0.230
 
    NET OPERATING INCOME (LOSS) 0.050 0.093 0.130 0.178
    EXTRAORDINARY CREDITS/(CHARGES) 0.006 0.009 0.019 0.022
    NET INCOME/(LOSS) BEFORE TAX 0.056 0.103 0.148 0.201
      Provision for Income Tax 0.000 0.001 0.002 0.003
      NET INCOME/(LOSS) AFTER TAX 0.056 0.101 0.146 0.198
Note: Details may not add up to totals due to rounding-off
Source : Supervisory Data Center, Supervision and Examination Sector
Updated as of 1April 2008