13 Income Statement    
       
       
  Universal and Commercial Bank Group    
  as of end of periods indicated    
  amounts in thousand Pesos    
       
   
  Selected Accounts Mar-19  
   
  TOTAL OPERATING INCOME   158,353,777.47  
  Interest Income 183,004,199.30  
  Interest Expense 63,293,725.21  
  Provision for Losses on Accrued Interest Income from Financial Assets 40,170.92  
  Net Interest Income 119,670,303.17  
  Non-Interest income 38,683,474.30  
  (1) Dividend Income 1,031,064.21  
  (2) Fees and Commissions Income 20,897,071.83  
  (3) Trading Income 14,034,718.09  
  (a) Realized Gains/(Losses) from Sale/Redemption 6,078,584.52  
  (b) Unrealized Gains/(Losses) from Marking-to-Market 1,507,687.81  
  (c) Realized Gains/(Losses) from FX Transactions 1,481,739.38  
  (d) Foreign Exchange Profit/(Loss) 1,239,482.23  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 2,115,702.60  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 1,595,028.91  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL 24,074.82  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting (7,582.17)  
  (4) Other income 2,720,620.17  
  NON-INTEREST EXPENSES 96,051,582.39  
  (1) Compensation/Fringe Benefits 29,369,814.54  
  (2) Taxes and Licenses 11,649,375.46  
  (3) Fees and Commissions 4,803,086.76  
  (4) Other Administrative Expenses 38,540,228.73  
  (5) Depreciation/Amortization 6,299,489.55  
  (6) Impairment Losses 308,713.18  
  (7) Provisions 5,080,874.16  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (7,741,102.27)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (8,331,398.47)  
  (2) Bad Debts Written Off (953,845.34)  
  (3) Recovery on Charged-Off Assets 1,544,141.54  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 54,561,092.81  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 6,224,174.17  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 60,785,266.97  
  Income Tax Expense 11,244,061.41  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 49,541,205.57  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00  
  NET PROFIT OR LOSS 49,541,205.57  
       
Source : Supervisory Data Center, Financial Supervision Sector, Bangko Sentral ng Pilipinas
Updated as of 8 May 2019