40 Income Statement          
             
             
  Thrift Bank Group          
  as of end of periods indicated          
  amounts in thousand Pesos          
             
   
  Selected Accounts Mar-14 Jun-14 Sep-14 Dec-14  
   
  TOTAL OPERATING INCOME   12,256,220.48 24,996,750.97 38,755,603.45 52,633,571.56  
  Interest Income 12,829,222.13 26,180,099.41 39,926,170.04 54,319,354.27  
  Interest Expense 3,317,536.37 6,608,556.82 9,897,607.58 13,421,907.63  
  Provision for Losses on Accrued Interest Income from Financial Assets 76,870.20 81,699.51 72,280.74 91,577.38  
  Net Interest Income 9,434,815.55 19,489,843.07 29,956,281.71 40,805,869.26  
  Non-Interest income 2,821,404.93 5,506,907.90 8,799,321.74 11,827,702.30  
  (1) Dividend Income 2,053.60 4,623.45 7,263.44 11,267.81  
  (2) Fees and Commissions Income 1,791,623.27 3,522,465.57 5,322,431.71 7,090,974.36  
  (3) Trading Income 763,100.16 1,431,754.25 2,541,807.16 3,445,433.22  
  (a) Realized Gains/(Losses) from Sale/Redemption 98,232.91 337,768.64 356,296.85 616,593.45  
  (b) Unrealized Gains/(Losses) from Marking-to-Market 44,292.65 (2,067.11) (18,505.04) 2,378.00  
  (c) Realized Gains/(Losses) from FX Transactions 26,926.84 48,882.50 61,792.26 80,790.45  
  (d) Foreign Exchange Profit/(Loss) 55,983.16 49,523.26 121,712.29 138,984.32  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 118,193.10 198,296.88 843,443.98 978,551.63  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 421,394.20 803,145.06 1,182,518.88 1,583,232.79  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL (159.70) (143.54) (98.02) 52,191.54  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting (1,763.00) (3,651.43) (5,354.03) (7,288.96)  
  (4) Other income 264,627.89 548,064.63 927,819.43 1,280,026.91  
  NON-INTEREST EXPENSES 8,661,793.74 17,154,467.34 26,140,062.16 35,205,442.30  
  (1) Compensation/Fringe Benefits 2,774,946.13 5,629,000.06 8,396,014.89 11,207,046.62  
  (2) Taxes and Licenses 735,743.73 1,421,591.58 2,258,547.53 3,005,420.70  
  (3) Fees and Commissions 113,971.15 244,190.52 362,258.56 485,006.15  
  (4) Other Administrative Expenses 3,661,564.07 7,598,813.07 11,573,337.53 15,856,467.12  
  (5) Depreciation/Amortization 819,539.34 1,612,598.86 2,411,084.60 3,199,080.57  
  (6) Impairment Losses 242,964.82 12,524.73 56,147.03 71,492.66  
  (7) Provisions 313,064.48 635,748.52 1,082,672.01 1,380,928.48  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (1,133,466.34) (1,908,007.29) (3,181,469.62) (4,134,382.55)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (1,196,407.99) (2,069,780.97) (3,357,203.91) (4,425,005.02)  
  (2) Bad Debts Written Off (8,855.87) (15,175.82) (115,175.83) (124,733.61)  
  (3) Recovery on Charged-Off Assets 71,797.52 176,949.50 290,910.12 415,356.07  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 2,460,960.41 5,934,276.34 9,434,071.67 13,293,746.71  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 1,498.80 44,267.52 62,369.18 101,465.89  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 2,462,459.21 5,978,543.86 9,496,440.85 13,395,212.60  
  Income Tax Expense 1,126,614.44 1,517,629.14 2,250,497.51 3,108,571.19  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 1,335,844.77 4,460,914.72 7,245,943.35 10,286,641.41  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 0.00 0.00 0.00  
  NET PROFIT OR LOSS 1,335,844.77 4,460,914.72 7,245,943.35 10,286,641.41