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