4   CONSOLIDATED STATEMENT OF INCOME AND EXPENSES AND KEY RATIOS  
         Philippine Banking System 
         for the periods indicated  
         in billion pesos  
Selected Accounts   ALL BANKS  UNIVERSAL AND COMMERCIAL BANKS THRIFT BANKS RURAL AND COOPERATIVE BANKS
Mar-11 Mar-11  Mar-11 Mar-11
       
Income and Expense Accounts
Interest Income 87.096 69.896 11.135 6.065
Interest Expense 28.136 22.509 3.797 1.830
Provision for Losses on Accrued Interest Income from Financial Assets 0.097 0.035 0.058 0.003
Net Interest Income 58.863 47.351 7.280 4.232
Non-Interest Income 28.297 25.510 1.609 1.179
  Dividend Income 0.290 0.290 0.000 0.000
Fees and Commissions Income 12.346 10.734 1.001 0.612
Payment Services 0.707 0.489 0.054 0.165
Intermediation Services 5.171 4.453 0.544 0.174
Custodianship 0.093 0.093 0.000 0.000
Underwriting and Securities Dealership 0.061 0.061 0.000 0.000
Securitization Activities 0.000 0.000 0.000 0.000
Income from Fiduciary Activities 1.867 1.841 0.027 0.000
Others 4.446 3.797 0.376 0.273
Gains/(Losses) on Financial Assets and Liabilities Held for Trading (4.562) (4.231) (0.331) 0.000
Gains/(Losses) on Financial Assets and Liabilities Designated at Fair Value through Profit or Loss 0.072 0.073 (0.001) 0.000
Foreign Exchange Profit/(Loss) 7.766 7.742 0.024 0.000
Gains/(Losses) from Sale/Redemption/Derecognition of Non-Trading Financial Assets and Liabilities 4.777 4.485 0.286 0.006
Gains/(Losses) on Fair Value Adjustment in Hedge Accounting 0.003 0.003 0.000 0.000
Gains/(Losses) from Sale/Derecognition of Non-Financial Assets  1.544 1.261 0.222 0.061
  Bank Premises, Furniture, Fixture and Equipment 0.183 0.175 0.004 0.003
  ROPA 1.358 1.086 0.215 0.057
  Goodwill 0.000 0.000 0.000 0.000
  Other Intangibles 0.003 0.000 0.003 0.000
  Other Income 6.061 5.153 0.408 0.500
  Non-Interest Expense 56.902 46.488 6.317 4.097
  Compensation/Fringe Benefits 19.214 15.567 2.161 1.486
  Taxes and Licenses 5.969 5.037 0.616 0.316
  Fees and Commissions Expenses 1.037 0.979 0.031 0.028
  Other Administrative Expenses 23.277 19.215 2.622 1.439
Depreciation/Amortization 4.333 3.490 0.574 0.269
  Impairment Losses 0.070 0.038 0.011 0.021
Investment in Subsidiaries, Associates and Joint Ventures 0.000 0.000 0.000 0.000
Bank Premises, Furniture, Fixture and Equipment 0.007 0.007 0.000 0.000
ROPA 0.060 0.030 0.011 0.019
Impairment Losses - Non-Current Assets Held for Sale 0.000 0.000 0.000 0.000
Goodwill 0.000 0.000 0.000 0.000
Other Intangible Assets 0.000 0.000 0.000 0.000
Other Assets 0.003 0.001 0.000 0.001
Provisions 3.002 2.160 0.303 0.539
Losses/Recoveries on Financial Assets (4.046) (3.691) (0.326) (0.030)
Provision for Credit Losses on Loans and Receivables and Other Financial Assets (3.787) (3.385) (0.360) (0.042)
Bad Debts Written Off (0.556) (0.548) (0.007) (0.001)
Recovery on Charged-Off Assets 0.297 0.242 0.042 0.013
Net Profit Before Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 26.212 22.682 2.246 1.284
Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 2.407 2.418 (0.011) 0.000
Share in the Profit/(Loss) of Unconsolidated Subsidiaries 2.160 2.179 (0.019) 0.000
Share in the Profit/(Loss) of Associates 0.250 0.238 0.012 0.000
Share in the Profit/(Loss) of Joint Ventures (0.003) 0.001 (0.004) 0.000
Total Profit/Loss Before Tax and Before Minority Interest 28.619 25.100 2.235 1.284
Income Tax Expense 4.044 3.445 0.376 0.223
Total Profit/Loss After Tax and Before Minority Interest  24.575 21.656 1.859 1.061
Minority Interest in Profit/(Loss) of Subsidiaries (for consolidated report only) 0.000 0.000 0.000 0.000
Net Profit or Loss 24.575 21.656 1.859 1.061
 
Key  Ratios  
Earning Asset Yield 1/                         6.16                                5.60                        9.09                          15.34
Funding Cost 2/                         2.14                                1.92                        3.50                            5.13
Interest Spread 3/                         4.02                                3.68                        5.59                          10.22
Net Interest Margin 4/                         4.11                                3.76                        5.65                          10.64
Net Interest Income to Total Operating Income                        63.34                              61.44                      70.64                          77.97
Cost to Income Ratio 5/                       63.50                              61.50                      71.55                          78.32
Return on Assets                          1.47                                1.50                        1.00                            1.80
Return on Equity                          12.55                              13.03                        8.50                          10.68
1/ 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
2/ Ratio of annualized Interest Expense to Interest Bearing Liabilities ( Deposit Liabilities + Bills Payable + Unsecured Subordinated Debt + Bonds Payable, Net + Redeemable Preferred Shares
3/ Earning assets Yield - Funding Cost
4/ Ratio of Annualized Net Interest Income (Interest Income - Interest Expense) to Average Earning Assets
5/ 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 21 November 2011