13 Income Statement          
             
             
  Universal and Commercial Bank Group          
  as of end of periods indicated          
  amounts in thousand Pesos          
             
   
  Selected Accounts Mar-18 Jun-18 Sep-18 Dec-18  
   
  TOTAL OPERATING INCOME   134,103,227.80 273,626,203.80 412,651,728.30 564,202,112.78  
  Interest Income 130,725,479.91 272,131,948.50 425,382,113.72 595,907,179.12  
  Interest Expense 32,663,245.50 68,817,431.19 110,232,267.87 162,879,799.28  
  Provision for Losses on Accrued Interest Income from Financial Assets 25,092.19 822,477.00 967,792.08 1,245,335.12  
  Net Interest Income 98,037,142.22 202,492,040.31 314,182,053.77 431,782,044.73  
  Non-Interest income 36,066,085.58 71,134,163.49 98,469,674.53 132,420,068.05  
  (1) Dividend Income 807,602.20 1,353,701.20 3,032,864.63 3,357,733.39  
  (2) Fees and Commissions Income 18,765,719.24 37,887,776.02 57,229,955.93 78,916,031.77  
  (3) Trading Income 13,715,949.56 25,876,283.84 29,750,215.37 38,558,604.36  
  (a) Realized Gains/(Losses) from Sale/Redemption (4,543,264.07) (3,293,965.58) (3,662,536.24) (2,775,356.01)  
  (b) Unrealized Gains/(Losses) from Marking-to-Market 10,801,511.23 12,352,246.08 11,646,284.39 11,955,864.91  
  (c) Realized Gains/(Losses) from FX Transactions 379,571.26 54,817.84 (911,445.84) 1,272,761.62  
  (d) Foreign Exchange Profit/(Loss) 164,574.67 2,783,715.80 7,115,423.75 8,859,901.03  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 3,122,899.33 3,421,184.45 3,371,398.19 3,666,020.23  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 3,642,040.13 10,278,652.65 12,133,626.79 15,490,454.91  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL 133,144.16 188,060.94 (34,917.35) 1,984.87  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting 15,472.84 91,571.66 92,381.69 86,972.80  
  (4) Other income 2,776,814.59 6,016,402.43 8,456,638.59 11,587,698.53  
  NON-INTEREST EXPENSES 85,314,037.81 174,512,847.67 262,712,981.10 359,205,995.74  
  (1) Compensation/Fringe Benefits 25,637,259.10 56,751,601.67 86,496,438.48 124,758,585.22  
  (2) Taxes and Licenses 9,765,853.67 18,576,149.10 27,298,722.36 37,507,902.41  
  (3) Fees and Commissions 4,085,488.06 8,481,588.22 12,902,017.99 18,250,147.32  
  (4) Other Administrative Expenses 34,545,997.38 73,013,732.39 111,751,526.22 156,254,830.35  
  (5) Depreciation/Amortization 4,923,928.35 9,908,245.86 15,443,649.12 21,007,623.11  
  (6) Impairment Losses 233,988.58 459,367.94 598,029.10 593,648.83  
  (7) Provisions 6,121,522.66 7,322,162.48 8,222,597.85 833,258.49  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (5,443,439.47) (12,200,448.41) (19,560,283.79) (25,966,063.40)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (6,549,515.09) (13,426,044.62) (20,021,393.93) (28,673,343.06)  
  (2) Bad Debts Written Off (785,629.78) (1,583,737.99) (2,403,343.02) (3,271,545.78)  
  (3) Recovery on Charged-Off Assets 1,891,705.40 2,809,334.20 2,864,453.15 5,978,825.43  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 43,345,750.53 86,912,907.72 130,378,463.40 179,030,053.63  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 5,090,847.16 9,755,547.05 16,275,844.03 22,055,626.93  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 48,436,597.69 96,668,454.77 146,654,307.43 201,085,680.56  
  Income Tax Expense 8,668,482.74 19,304,454.23 30,580,532.94 41,155,360.08  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 39,768,114.94 77,364,000.54 116,073,774.50 159,930,320.49  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 0.00 0.00 0.00  
  NET PROFIT OR LOSS 39,768,114.94 77,364,000.54 116,073,774.50 159,930,320.49  
             
Source : Supervisory Data Center, Financial Supervision Sector, Bangko Sentral ng Pilipinas
Updated as of 8 February 2019