22   CONSOLIDATED STATEMENT OF INCOME AND EXPENSES AND KEY RATIOS  
              Universal Banking System1/
              for the periods indicated
              in billion pesos
Selected Accounts UNIVERSAL BANKS
Mar-10 Jun-10
Income and Expense Accounts  
Interest Income 57.706 116.910
Interest Expense 20.171 39.883
Provision for Losses on Accrued Interest Income from Financial Assets 0.000 0.000
Net Interest Income 37.534 77.027
Non-Interest Income 21.066 40.641
  Dividend Income 0.122 0.981
Fees and Commissions Income 8.264 16.726
Payment Services 0.375 0.764
Intermediation Services 3.463 6.932
Custodianship 0.054 0.108
Underwriting and Securities Dealership 0.060 0.158
Securitization Activities 0.000 0.000
Income from Fiduciary Activities 1.457 2.927
Others 2.855 5.838
Gains/(Losses) on Financial Assets and Liabilities Held for Trading 0.845 9.953
Gains/(Losses) on Financial Assets and Liabilities Designated at Fair Value through Profit or Loss 0.085 0.114
Foreign Exchange Profit/(Loss) 4.156 (1.272)
Gains/(Losses) from Sale/Redemption/Derecognition of Non-Trading Financial Assets and Liabilities 3.462 6.972
Gains/(Losses) on Fair Value Adjustment in Hedge Accounting 0.006 0.013
Gains/(Losses) from Sale/Derecognition of Non-Financial Assets  1.475 2.727
  Bank Premises, Furniture, Fixture and Equipment 0.074 0.097
  ROPA 1.401 2.630
  Goodwill 0.000 0.000
  Other Intangibles 0.000 0.000
  Other Income 2.650 4.427
  Non-Interest Expense 37.461 73.740
  Compensation/Fringe Benefits 11.878 25.302
  Taxes and Licenses 3.824 7.268
  Fees and Commissions Expenses 0.713 1.521
Other Administrative Expenses 15.214 30.513
  Depreciation/Amortization 3.546 6.160
Impairment Losses 0.020 0.112
Investment in Subsidiaries, Associates and Joint Ventures 0.000 0.000
Bank Premises, Furniture, Fixture and Equipment 0.000 0.000
ROPA 0.020 0.112
Goodwill 0.000 0.000
Other Intangible Assets 0.000 0.000
Other Assets 0.000 0.000
Provisions 2.266 2.864
Losses/Recoveries on Financial Assets (4.183) (9.618)
Provision for Credit Losses on Loans and Receivables and Other Financial Assets (3.461) (8.301)
Bad Debts Written Off (0.941) (1.805)
Recovery on Charged-Off Assets 0.219 0.488
Net Profit Before Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 16.957 34.310
Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 1.904 4.681
Share in the Profit/(Loss) of Unconsolidated Subsidiaries 1.683 4.041
Share in the Profit/(Loss) of Associates 0.221 0.640
Share in the Profit/(Loss) of Joint Ventures 0.000 0.000
Total Profit/Loss Before Tax and Before Minority Interest 18.861 38.991
Income Tax Expense 2.563 5.334
Total Profit/Loss After Tax and Before Minority Interest  16.299 33.657
Minority Interest in Profit/(Loss) of Subsidiaries (for consolidated report only) 0.000 0.000
Net Profit or Loss 16.299 33.657
Key  Ratios
Earning Asset Yield 2/                                                  6.50                                                  6.34
Funding Cost 3/                                                  2.15                                                  2.09
Interest Spread 4/                                                  4.34                                                  4.25
Net Interest Margin 5/                                                  5.08                                                  4.13
Net Interest Income to Total Operating Income                                                 65.36                                                64.21
Cost to Income Ratio 6/                                                63.44                                                61.96
Return on Assets                                                   1.38                                                  1.41
Return on Equity                                                 13.05                                                12.95
1/ Inclusive of branches of foreign banks and government banks with universal banking license
2/ Ratio of Annualized Interest Income to Average Earning Assets (Total Loan Portfolio, Net of Amortization + AFS Debt Securities, Net of Amortization + HTM Financial Assets, Net of Amortization + Unquoted Debt Securities Classified as Loans, Net of Amortization + Financial Assets Held for Trading - Held for Trading Equity Securities + Financial Assets Designated at Fair Value Through Profit of Loss-Debt Securities + Due From other Banks
3/ Ratio of annualized Interest Expense to Interest Bearing Liabilities ( Deposit Liabilities + Bills Payable + Unsecured Subordinated Debt + Bonds Payable, Net + Redeemable Preferred Shares
4/ Earning assets Yield - Funding Cost
5/ Ratio of Annualized Net Interest Income (Interest Income - Interest Expense) to Average Earning Assets
6/ Ratio of Annualized Non-Interest Expense, Net of Impairment Losses to Annualized Total Operating Income (Net Interest Income + Non-Interest Income)
Note: Details may not add up to totals due to rounding-off  
Source : Supervisory Data Center, Supervision and Examination Sector    
Updated as of 12 August 2010