40 Income Statement          
             
             
  Thrift Bank Group          
  as of end of periods indicated          
  amounts in thousand Pesos          
             
   
  Selected Accounts Mar-12 Jun-12 Sep-12 Dec-12  
   
  TOTAL OPERATING INCOME   11,490,776.00 21,966,931.88 31,874,178.87 41,955,119.03  
  Interest Income 11,158,905.79 22,790,465.72 34,188,795.09 45,860,481.64  
  Interest Expense 3,929,766.18 7,897,572.24 11,847,249.01 15,875,519.93  
  Provision for Losses on Accrued Interest Income from Financial Assets 64,883.51 60,578.78 76,577.69 82,143.13  
  Net Interest Income 7,164,256.10 14,832,314.70 22,264,968.39 29,902,818.57  
  Non-Interest income 4,326,519.91 7,134,617.18 9,609,210.48 12,052,300.46  
  (1) Dividend Income 212.39 32,782.37 32,804.14 35,490.85  
  (2) Fees and Commissions Income 1,023,609.39 2,120,101.37 3,294,961.14 4,609,567.37  
  (3) Trading Income 3,042,258.89 4,430,353.50 5,464,056.07 6,314,778.73  
  (a) Realized Gains/(Losses) from Sale/Redemption 2,186,276.48 3,110,079.96 3,363,287.81 3,664,581.90  
  (b) Unrealized Gains/(Losses) from Marking-to-Market (22,861.93) 16,140.39 14,994.93 6,198.89  
  (c) Realized Gains/(Losses) from FX Transactions 27,532.20 44,205.67 74,046.21 112,703.46  
  (d) Foreign Exchange Profit/(Loss) 18,869.86 58,001.36 82,805.67 131,693.74  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 619,287.79 652,172.33 1,134,234.97 1,385,785.53  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 210,623.94 540,511.54 783,778.43 1,007,206.24  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL 2,530.56 2,516.43 4,755.99 2,557.22  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting 0.00 6,725.83 6,152.05 4,051.74  
  (4) Other income 260,439.22 551,379.94 817,389.13 1,092,463.50  
  NON-INTEREST EXPENSES 7,501,738.99 14,318,644.11 21,316,082.87 29,085,757.93  
  (1) Compensation/Fringe Benefits 2,354,342.70 4,611,516.11 6,865,822.58 9,268,973.17  
  (2) Taxes and Licenses 808,077.34 1,394,860.44 1,986,935.01 2,638,407.50  
  (3) Fees and Commissions 34,266.35 81,897.11 150,812.71 251,255.79  
  (4) Other Administrative Expenses 3,283,242.99 6,210,239.52 9,243,272.52 12,681,531.20  
  (5) Depreciation/Amortization 622,537.41 1,198,968.11 1,790,318.76 2,356,973.24  
  (6) Impairment Losses 1,545.78 26,371.07 27,688.87 86,579.03  
  (7) Provisions 397,726.42 794,791.74 1,251,232.41 1,802,038.01  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (1,025,380.66) (1,730,257.07) (2,231,747.29) (2,675,352.16)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (1,056,264.02) (1,812,212.52) (2,350,568.09) (2,825,556.56)  
  (2) Bad Debts Written Off (6,923.19) (13,324.91) (19,981.81) (35,742.77)  
  (3) Recovery on Charged-Off Assets 37,806.56 95,280.36 138,802.61 185,947.17  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 2,963,656.36 5,918,030.71 8,326,348.71 10,194,008.93  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 2,606.37 6,527.96 (43,071.43) (82,200.31)  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 2,966,262.72 5,924,558.66 8,283,277.28 10,111,808.62  
  Income Tax Expense 764,677.79 1,297,732.29 1,733,417.56 1,793,626.46  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 2,201,584.94 4,626,826.37 6,549,859.72 8,318,182.16  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 0.00 0.00 0.00  
  NET PROFIT OR LOSS 2,201,584.94 4,626,826.37 6,549,859.72 8,318,182.16