40 Income Statement          
             
             
  Thrift Bank Group          
  as of end of periods indicated          
  amounts in thousand Pesos          
             
   
  Selected Accounts Mar-15 Jun-15 Sep-15 Dec-15  
   
  TOTAL OPERATING INCOME   13,758,706.64 29,558,440.11 43,844,115.35 60,930,783.93  
  Interest Income 14,399,178.11 31,621,650.41 46,648,373.25 65,104,648.33  
  Interest Expense 3,586,235.24 7,870,864.76 11,433,129.85 15,859,833.58  
  Provision for Losses on Accrued Interest Income from Financial Assets 76,055.08 79,199.13 53,869.60 124,656.07  
  Net Interest Income 10,736,887.80 23,671,586.52 35,161,373.80 49,120,158.68  
  Non-Interest income 3,021,818.84 5,886,853.60 8,682,741.55 11,810,625.25  
  (1) Dividend Income 2,320.02 11,714.54 16,296.23 26,415.51  
  (2) Fees and Commissions Income 1,983,275.18 3,869,754.58 5,790,859.48 8,118,172.03  
  (3) Trading Income 688,167.13 1,064,833.12 1,490,439.14 1,817,103.81  
  (a) Realized Gains/(Losses) from Sale/Redemption 280,642.09 298,144.68 246,697.47 129,476.82  
  (b) Unrealized Gains/(Losses) from Marking-to-Market (38,374.88) (138,739.56) (184,032.20) (239,039.52)  
  (c) Realized Gains/(Losses) from FX Transactions 14,843.00 39,581.37 62,167.14 83,601.94  
  (d) Foreign Exchange Profit/(Loss) 23,612.65 64,495.44 148,827.64 186,365.38  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 7,406.53 58,693.41 126,414.48 135,116.24  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 403,724.07 723,743.57 1,097,541.79 1,526,585.84  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL (1,980.49) 22,524.45 (4,160.35) (206.25)  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting (1,705.84) (3,610.23) (3,016.83) (4,796.64)  
  (4) Other income 348,056.50 940,551.36 1,385,146.70 1,848,933.90  
  NON-INTEREST EXPENSES 8,990,390.17 19,351,892.90 29,056,431.37 40,671,515.45  
  (1) Compensation/Fringe Benefits 3,038,918.20 6,539,935.70 9,618,427.57 13,094,035.11  
  (2) Taxes and Licenses 852,241.36 1,744,358.34 2,505,784.16 3,424,865.62  
  (3) Fees and Commissions 128,502.50 414,424.28 697,814.04 979,403.19  
  (4) Other Administrative Expenses 3,843,673.26 8,118,526.68 12,131,524.66 17,165,508.64  
  (5) Depreciation/Amortization 817,576.55 1,672,381.58 2,515,296.84 3,477,750.52  
  (6) Impairment Losses 10,965.61 212,421.16 353,075.01 499,722.27  
  (7) Provisions 298,512.70 649,845.16 1,234,509.09 2,030,230.10  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (1,191,426.09) (2,681,666.59) (3,853,834.40) (5,333,981.43)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (1,293,668.56) (2,927,376.88) (4,189,088.12) (5,837,498.32)  
  (2) Bad Debts Written Off (4,904.80) (9,360.81) (13,165.22) (28,204.33)  
  (3) Recovery on Charged-Off Assets 107,147.27 255,071.10 348,418.93 531,721.22  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 3,576,890.37 7,524,880.62 10,933,849.58 14,925,287.05  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 5,344.13 21,010.94 61,849.79 67,092.88  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 3,582,234.50 7,545,891.56 10,995,699.37 14,992,379.92  
  Income Tax Expense 782,740.84 1,618,102.63 2,551,692.18 3,206,430.14  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 2,799,493.66 5,927,788.93 8,444,007.19 11,785,949.78  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 189.05 531.64 0.00  
  NET PROFIT OR LOSS 2,799,493.66 5,927,599.88 8,443,475.55 11,785,949.78