64   CONSOLIDATED STATEMENT OF INCOME AND EXPENSES
Non-Banks with Quasi Banking Functions
for the periods indicated
in billion pesos
	Selected Accounts			TOTAL NBQB					INVESTMENT HOUSES					FINANCING COMPANIES
				Mar-07	Jun-07	Sep-07	Dec-07		Mar-07	Jun-07	Sep-07	Dec-07		Mar-07	Jun-07	Sep-07	Dec-07
		OPERATING INCOME		1.833	3.142	3.702	4.428		1.698	2.863	3.240	3.824		0.135	0.279	0.461	0.604
		Net Interest Income		0.554	1.016	1.450	1.794		0.460	0.825	1.164	1.417		0.094	0.191	0.285	0.377
			Interest Income	0.820	1.474	2.128	2.838		0.793	1.421	2.046	2.724		0.028	0.053	0.082	0.114
			Leasing Income	0.103	0.209	0.317	0.423		0.000		0.000			0.103	0.209	0.317	0.423
			Less: Interest Expense	0.369	0.667	0.995	1.467		0.333	0.596	0.882	1.307		0.037	0.071	0.113	0.160
		Net Interest Income	Non-Interest Income	1.279	2.126	2.252	2.634		1.238	2.038	2.076	2.407		0.041	0.088	0.176	0.227
			Fee-based Income	0.150	0.305	0.464	0.686		0.146	0.296	0.451	0.670		0.004	0.010	0.013	0.016
			Trading Income/(Loss)	0.930	1.424	1.148	1.134		0.926	1.419	1.141	1.127		0.004	0.005	0.006	0.006
			Trust Department	0.000	0.000	0.000	0.000
			Other Income/(Loss)	0.199	0.397	0.641	0.815		0.166	0.323	0.484	0.610		0.032	0.074	0.157	0.205
		OPERATING EXPENSES		0.366	0.995	1.358	1.696		0.293	0.805	1.072	1.283		0.073	0.190	0.286	0.413
			Bad Debts Written Off	0.000	0.000	0.000	0.000		0.000	0.000	0.000	0.000
			Provisions	0.006	0.199	0.212	0.053		0.000	0.188	0.189	0.003		0.006	0.011	0.023	0.050
			Other Operating Expenses	0.360	0.796	1.146	1.643		0.292	0.617	0.883	1.280		0.068	0.180	0.264	0.363
			Overhead Costs	0.281	0.608	0.870	1.199		0.224	0.470	0.660	0.908		0.057	0.138	0.209	0.291
			Other Expenses	0.079	0.188	0.277	0.444		0.068	0.147	0.222	0.372		0.011	0.042	0.054	0.072
		NET OPERATING INCOME (LOSS)		1.468	2.147	2.344	2.731		1.406	2.059	2.169	2.541		0.062	0.089	0.175	0.191
		EXTRAORDINARY CREDITS/(CHARGES)		0.209	0.510	0.634	0.911		0.195	0.481	0.597	0.864		0.015	0.029	0.037	0.048
		NET INCOME/(LOSS) BEFORE TAX		1.677	2.657	2.978	3.643		1.601	2.539	2.766	3.404		0.076	0.118	0.212	0.238
			Provision for Income Tax	0.201	0.291	0.349	0.448		0.184	0.285	0.343	0.447		0.017	0.006	0.006	0.002
		NET INCOME/(LOSS) AFTER TAX		1.476	2.366	2.628	3.194		1.417	2.254	2.422	2.958		0.059	0.112	0.206	0.237
	Note: Details may not add up to totals due to rounding-off
	Source : Supervisory Data Center, Supervision and Examination Sector
	Updated as of 1 April 2008