22 Income Statement          
             
             
  Universal 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   118,560,735.16 244,745,236.26 369,537,503.90 505,272,822.94  
  Interest Income 118,369,699.21 246,466,029.23 385,227,183.29 539,518,070.98  
  Interest Expense 30,198,946.46 63,516,899.78 101,516,157.33 149,555,907.08  
  Provision for Losses on Accrued Interest Income from Financial Assets (19,950.47) 6,709.96 26,009.84 74,107.82  
  Net Interest Income 88,190,703.22 182,942,419.49 283,685,016.12 389,888,056.07  
  Non-Interest income 30,370,031.94 61,802,816.77 85,852,487.78 115,384,766.87  
  (1) Dividend Income 805,371.95 1,320,846.72 2,739,867.05 3,061,435.37  
  (2) Fees and Commissions Income 16,689,970.42 33,569,835.83 50,580,872.19 69,901,301.71  
  (3) Trading Income 10,729,903.93 22,204,377.86 25,909,450.31 33,593,761.68  
  (a) Realized Gains/(Losses) from Sale/Redemption (3,894,682.79) (2,512,608.89) (3,276,790.77) (2,278,026.87)  
  (b) Unrealized Gains/(Losses) from Marking-to-Market 9,866,613.54 11,129,577.56 11,059,690.84 11,239,547.91  
  (c) Realized Gains/(Losses) from FX Transactions 730,665.04 372,585.65 (339,971.02) 1,576,620.61  
  (d) Foreign Exchange Profit/(Loss) (694,111.90) 1,591,818.32 5,214,775.50 6,139,189.49  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 3,047,752.93 3,320,775.67 3,247,546.17 3,602,427.21  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 1,726,702.96 8,244,290.35 9,945,150.52 13,222,734.57  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL (67,307.52) (35,405.42) (34,947.78) 1,954.45  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting 14,271.69 93,344.62 93,996.85 89,314.31  
  (4) Other income 2,144,785.64 4,707,756.36 6,622,298.23 8,828,268.11  
  NON-INTEREST EXPENSES 75,782,281.07 155,427,920.12 233,982,602.35 319,689,313.66  
  (1) Compensation/Fringe Benefits 22,592,418.24 50,542,463.33 77,090,308.96 111,922,129.24  
  (2) Taxes and Licenses 8,580,490.74 16,265,827.75 23,823,784.20 32,727,659.53  
  (3) Fees and Commissions 3,807,329.16 7,911,509.67 12,025,695.05 17,007,405.00  
  (4) Other Administrative Expenses 30,154,722.72 64,224,357.06 98,599,684.43 138,026,653.19  
  (5) Depreciation/Amortization 4,382,269.66 8,857,599.63 13,837,635.32 18,875,513.24  
  (6) Impairment Losses 172,801.15 348,180.16 456,983.33 393,949.11  
  (7) Provisions 6,092,249.39 7,277,982.52 8,148,511.07 736,004.35  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (4,769,411.88) (10,472,598.43) (16,780,324.69) (21,565,512.79)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (5,509,778.54) (11,410,889.25) (18,189,864.39) (25,791,472.35)  
  (2) Bad Debts Written Off (199,847.61) (401,733.22) (596,055.83) (794,597.15)  
  (3) Recovery on Charged-Off Assets 940,214.26 1,340,024.04 2,005,595.53 5,020,556.70  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 38,009,042.21 78,844,717.72 118,774,576.86 164,017,996.49  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 5,049,572.54 9,705,053.80 16,246,403.52 22,028,444.13  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 43,058,614.74 88,549,771.52 135,020,980.38 186,046,440.61  
  Income Tax Expense 7,333,146.86 16,666,848.23 26,265,716.04 35,444,013.65  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 35,725,467.88 71,882,923.29 108,755,264.34 150,602,426.96  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 0.00 0.00 0.00  
  NET PROFIT OR LOSS 35,725,467.88 71,882,923.29 108,755,264.34 150,602,426.96  
             
Source : Supervisory Data Center, Financial Supervision Sector, Bangko Sentral ng Pilipinas
Updated as of 8 February 2019