59   CONSOLIDATED STATEMENT OF INCOME AND EXPENSES
              Cooperative Banking System    
              for the periods indicated    
              in billion pesos    
Selected Accounts   COOPERATIVE BANKS  
 
 
Mar-07 Jun-07 Sep-07 Dec-07  
OPERATING INCOME 0.229 0.477 0.733 1.051
       Net Interest Income 0.118 0.254 0.392 0.571
          Interest Income 0.264 0.541 0.823 1.174
          Less: Interest Expense 0.146 0.287 0.432 0.603
 
       Non-Interest Income 0.111 0.223 0.341 0.480
         Fee-based Income 0.078 0.156 0.239 0.329
         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) 0.033 0.067 0.102 0.150
  OPERATING EXPENSES 0.184 0.377 0.575 0.835
    Bad Debts Written Off  0.000 0.000 0.001 0.002
    Provisions 0.005 0.011 0.018 0.028
    Other Operating Expenses 0.179 0.367 0.557 0.806
       Overhead Costs 0.121 0.244 0.372 0.524
       Other Expenses 0.058 0.122 0.185 0.282
 
    NET OPERATING INCOME (LOSS) 0.045 0.100 0.157 0.216
    EXTRAORDINARY CREDITS/(CHARGES) 0.005 0.011 0.022 0.027
    NET INCOME/(LOSS) BEFORE TAX 0.050 0.110 0.179 0.243
      Provision for Income Tax 0.001 0.002 0.000 0.000
      NET INCOME/(LOSS) AFTER TAX 0.049 0.109 0.179 0.243
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