40 Income Statement          
             
             
  Thrift Bank Group          
  as of end of periods indicated          
  amounts in thousand Pesos          
             
   
  Selected Accounts Mar-13 Jun-13 Sep-13 Dec-13  
   
  TOTAL OPERATING INCOME   15,273,590.78 28,550,741.62 39,831,521.26 50,995,945.75  
  Interest Income 11,675,338.59 23,443,553.80 35,643,463.30 47,720,877.32  
  Interest Expense 3,741,658.27 7,137,404.92 10,446,375.60 13,557,282.08  
  Provision for Losses on Accrued Interest Income from Financial Assets 59,098.87 63,846.66 68,599.62 87,358.95  
  Net Interest Income 7,874,581.45 16,242,302.22 25,128,488.08 34,076,236.28  
  Non-Interest income 7,399,009.33 12,308,439.41 14,703,033.18 16,919,709.46  
  (1) Dividend Income 3.19 4,719.89 8,989.67 4,769.87  
  (2) Fees and Commissions Income 1,295,848.41 2,696,996.98 4,262,533.95 5,799,892.59  
  (3) Trading Income 5,830,688.18 8,950,819.13 9,535,282.66 9,884,384.22  
  (a) Realized Gains/(Losses) from Sale/Redemption 3,753,672.93 5,234,011.91 5,824,534.94 5,767,093.23  
  (b) Unrealized Gains/(Losses) from Marking-to-Market 32,031.97 495,034.02 (22,066.74) (17,444.41)  
  (c) Realized Gains/(Losses) from FX Transactions 32,786.33 72,160.40 97,074.74 125,940.81  
  (d) Foreign Exchange Profit/(Loss) 24,189.82 75,715.32 119,472.78 179,723.05  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 1,713,913.06 2,361,857.79 2,389,287.45 2,378,977.78  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 274,925.67 714,884.94 1,131,241.84 1,455,308.57  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL 547.32 359.14 364.89 1,430.49  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting (1,378.92) (3,204.39) (4,627.24) (6,645.31)  
  (4) Other income 272,469.54 655,903.40 896,226.90 1,230,662.78  
  NON-INTEREST EXPENSES 8,372,471.25 17,139,870.93 24,530,196.43 33,021,453.28  
  (1) Compensation/Fringe Benefits 2,692,109.56 5,221,799.52 7,769,662.05 10,283,582.68  
  (2) Taxes and Licenses 1,009,579.22 1,808,417.95 2,419,299.04 3,138,921.56  
  (3) Fees and Commissions 93,766.18 211,881.11 276,029.56 413,838.91  
  (4) Other Administrative Expenses 3,458,932.58 7,060,161.42 10,550,418.95 14,342,026.48  
  (5) Depreciation/Amortization 641,355.52 1,315,257.56 1,975,202.99 2,952,699.34  
  (6) Impairment Losses 1,653.18 659,226.68 696,744.01 755,941.19  
  (7) Provisions 475,075.02 863,126.68 842,839.83 1,134,443.11  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (995,832.57) (2,124,188.70) (3,510,166.70) (4,972,602.55)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (1,033,328.30) (2,205,699.89) (3,625,058.14) (5,157,470.04)  
  (2) Bad Debts Written Off (8,026.30) (15,751.01) (22,780.42) (34,359.49)  
  (3) Recovery on Charged-Off Assets 45,522.02 97,262.20 137,671.85 219,226.97  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 5,905,286.95 9,286,681.99 11,791,158.12 13,001,889.91  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method (2,122.38) 10,648.07 18,005.67 57,472.95  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 5,903,164.57 9,297,330.06 11,809,163.79 13,059,362.87  
  Income Tax Expense 927,044.73 1,619,348.65 2,320,886.30 3,263,197.95  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 4,976,119.84 7,677,981.41 9,488,277.49 9,796,164.92  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 0.00 0.00 0.00  
  NET PROFIT OR LOSS 4,976,119.84 7,677,981.41 9,488,277.49 9,796,164.92