31   CONSOLIDATED STATEMENT OF INCOME AND EXPENSES AND KEY RATIOS  
              Commercial Banking System 1/
              for the periods indicated
              in billion pesos
Selected Accounts COMMERCIAL BANKS
Mar-10 Jun-10
Income and Expense Accounts
Interest Income 10.506 20.912
Interest Expense 3.515 7.092
Provision for Losses on Accrued Interest Income from Financial Assets 0.003 0.008
Net Interest Income 6.988 13.811
Non-Interest Income 4.165 8.020
  Dividend Income 0.006 0.014
Fees and Commissions Income 2.179 4.026
Payment Services 0.234 0.333
Intermediation Services 1.184 2.131
Custodianship 0.035 0.076
Underwriting and Securities Dealership 0.000 0.000
Securitization Activities 0.000 0.000
Income from Fiduciary Activities 0.171 0.299
Others 0.555 1.186
Gains/(Losses) on Financial Assets and Liabilities Held for Trading 1.072 1.501
Gains/(Losses) on Financial Assets and Liabilities Designated at Fair Value through Profit or Loss 0.012 0.028
Foreign Exchange Profit/(Loss) (0.155) 0.344
Gains/(Losses) from Sale/Redemption/Derecognition of Non-Trading Financial Assets and Liabilities 0.319 0.704
Gains/(Losses) on Fair Value Adjustment in Hedge Accounting 0.000 0.000
Gains/(Losses) from Sale/Derecognition of Non-Financial Assets  0.179 0.303
  Bank Premises, Furniture, Fixture and Equipment 0.010 0.033
  ROPA 0.168 0.270
  Goodwill 0.000 0.000
  Other Intangibles 0.000 0.000
  Other Income 0.555 1.100
  Non-Interest Expense 7.208 14.392
Compensation/Fringe Benefits 2.199 4.401
Taxes and Licenses 0.672 1.266
Fees and Commissions Expenses 0.095 0.166
Other Administrative Expenses 3.039 6.138
Depreciation/Amortization 0.729 1.472
Impairment Losses 0.012 0.027
Investment in Subsidiaries, Associates and Joint Ventures 0.000 0.000
Bank Premises, Furniture, Fixture and Equipment 0.000 0.000
ROPA 0.006 0.019
Goodwill 0.000 0.000
Other Intangible Assets 0.000 0.000
Other Assets 0.007 0.008
Provisions 0.462 0.921
Losses/Recoveries on Financial Assets (0.962) (1.899)
Provision for Credit Losses on Loans and Receivables and Other Financial Assets (1.060) (2.156)
Bad Debts Written Off 0.000 0.000
Recovery on Charged-Off Assets 0.098 0.257
Net Profit Before Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 2.983 5.540
Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 0.000 0.000
Share in the Profit/(Loss) of Unconsolidated Subsidiaries 0.000 0.000
Share in the Profit/(Loss) of Associates 0.000 0.000
Share in the Profit/(Loss) of Joint Ventures 0.000 0.000
Total Profit/Loss Before Tax and Before Minority Interest 2.983 5.540
Income Tax Expense 0.734 1.593
Total Profit/Loss After Tax and Before Minority Interest  2.250 3.947
Minority Interest in Profit/(Loss) of Subsidiaries (for consolidated report only) 0.000 0.000
Net Profit or Loss 2.250 3.947
Key  Ratios
Earning Asset Yield 2/                                             6.83                                                  6.76
Funding Cost 3/                                             2.89                                                  2.76
Interest Spread 4/                                             3.95                                                  4.00
Net Interest Margin 5/                                             4.84                                                  4.26
Net Interest Income to Total Operating Income                                            61.66                                                62.19
Cost to Income Ratio 6/                                           65.18                                                66.35
Return on Assets                                              0.86                                                  0.89
Return on Equity                                              6.60                                                  6.38
1/  Inclusive of other branches/subsidiaries of foreign banks  
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