49 Income Statement          
             
             
  Rural and Cooperative Bank Group          
  as of end of periods indicated          
  amounts in thousand Pesos          
             
   
  Selected Accounts Mar-16 Jun-16 Sep-16 Dec-16  
   
  TOTAL OPERATING INCOME   5,620,243.01 11,667,996.46 17,785,483.85 24,367,461.56  
  Interest Income 5,096,703.96 10,465,415.64 15,650,003.61 21,210,159.70  
  Interest Expense 960,432.26 1,912,746.74 2,834,264.29 3,814,189.94  
  Provision for Losses on Accrued Interest Income from Financial Assets 345.95 109,382.02 1,439.11 962.25  
  Net Interest Income 4,135,925.74 8,443,286.88 12,814,300.20 17,395,007.51  
  Non-Interest income 1,484,317.26 3,224,709.58 4,971,183.64 6,972,454.05  
  (1) Dividend Income 7.71 20.93 93.52 93.52  
  (2) Fees and Commissions Income 939,679.76 2,020,970.71 3,150,691.62 4,436,681.20  
  (3) Trading Income 252,437.06 551,888.22 846,958.14 1,171,264.25  
  (a) Realized Gains/(Losses) from Sale/Redemption 0.00 0.00 0.00 0.00  
  (b) Unrealized Gains/(Losses) from Marking-to-Market 0.00 0.00 0.00 0.00  
  (c) Realized Gains/(Losses) from FX Transactions 0.00 0.00 0.00 0.00  
  (d) Foreign Exchange Profit/(Loss) 376.81 1,672.72 3,701.53 5,618.03  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 4,596.96 9,278.83 14,399.66 9,282.72  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 235,547.92 525,610.84 811,681.25 1,130,607.46  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL 11,915.38 15,325.82 17,175.70 25,756.04  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting 0.00 0.00 0.00 0.00  
  (4) Other income 290,997.06 648,150.04 969,827.68 1,362,408.49  
  NON-INTEREST EXPENSES 4,221,900.53 8,813,184.83 13,144,992.25 18,529,354.78  
  (1) Compensation/Fringe Benefits 1,803,188.92 3,802,052.55 5,613,345.34 8,033,086.66  
  (2) Taxes and Licenses 362,745.32 780,447.62 1,136,045.41 1,507,001.03  
  (3) Fees and Commissions 31,388.84 39,587.10 78,738.80 145,371.65  
  (4) Other Administrative Expenses 1,450,315.58 3,027,831.88 4,501,927.53 6,314,607.96  
  (5) Depreciation/Amortization 323,470.75 651,561.02 981,675.61 1,344,805.44  
  (6) Impairment Losses 6,940.73 13,775.41 26,295.27 48,892.83  
  (7) Provisions 243,850.38 497,929.25 806,964.30 1,135,589.22  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (265,515.14) (275,793.28) (647,924.14) (1,020,973.92)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (297,641.97) (320,652.40) (731,835.48) (1,060,956.10)  
  (2) Bad Debts Written Off (350.30) (28,481.18) (36,238.02) (131,903.77)  
  (3) Recovery on Charged-Off Assets 32,477.13 73,340.29 120,149.36 171,885.95  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 1,132,827.34 2,579,018.35 3,992,567.45 4,817,132.85  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 0.00 0.00 0.00 0.00  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 1,132,827.34 2,579,018.35 3,992,567.45 4,817,132.85  
  Income Tax Expense 307,951.96 670,555.76 1,032,871.25 1,351,887.43  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 824,875.37 1,908,462.59 2,959,696.21 3,465,245.42  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 0.00 0.00 0.00  
  NET PROFIT OR LOSS 824,875.37 1,908,462.59 2,959,696.21 3,465,245.42  
             
Source : Supervisory Data Center, Supervision and Examination Sector, Bangko Sentral ng Pilipinas
Updated as of 31 March 2017