54 Income Statement          
             
             
  Rural 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   5,920,167.48 11,964,303.21 19,193,179.03 26,554,199.67  
  Interest Income 5,503,522.91 11,211,690.71 17,199,877.53 23,679,595.19  
  Interest Expense 820,601.84 1,651,180.42 2,477,073.70 3,442,850.75  
  Provision for Losses on Accrued Interest Income from Financial Assets 3,060.01 3,248.94 9,876.17 9,922.44  
  Net Interest Income 4,679,861.05 9,557,261.36 14,712,927.66 20,226,821.99  
  Non-Interest income 1,240,306.43 2,407,041.85 4,480,251.36 6,327,377.68  
  (1) Dividend Income 3.25 97.77 106.82 226.24  
  (2) Fees and Commissions Income 582,213.42 1,156,855.55 2,578,386.42 3,630,511.64  
  (3) Trading Income 391,276.98 666,826.01 982,184.53 1,367,145.42  
  (a) Realized Gains/(Losses) from Sale/Redemption 0.00 0.00 0.00 0.00  
  (b) Unrealized Gains/(Losses) from Marking-to-Market 0.00 0.00 0.00 0.00  
  (c) Realized Gains/(Losses) from FX Transactions 0.00 231.19 2,972.21 13.24  
  (d) Foreign Exchange Profit/(Loss) 2,652.35 4,174.57 5,145.16 4,755.93  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 615.02 21,704.86 21,841.74 23,266.60  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 377,079.07 622,305.90 910,565.87 1,268,805.07  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL 10,930.54 18,409.49 41,659.54 70,304.57  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting 0.00 0.00 0.00 0.00  
  (4) Other income 266,699.87 583,262.52 919,573.59 1,329,494.37  
  NON-INTEREST EXPENSES 4,798,977.89 9,706,231.73 14,765,240.97 20,647,283.29  
  (1) Compensation/Fringe Benefits 2,104,936.04 4,271,343.57 6,422,870.64 9,091,327.69  
  (2) Taxes and Licenses 428,466.03 820,934.23 1,295,842.75 1,797,334.57  
  (3) Fees and Commissions 100,023.45 168,745.65 225,250.44 237,404.74  
  (4) Other Administrative Expenses 1,525,445.19 3,214,803.82 4,964,701.03 7,055,833.00  
  (5) Depreciation/Amortization 337,921.43 672,203.16 999,771.58 1,359,245.76  
  (6) Impairment Losses 8,377.06 18,458.08 29,367.48 41,609.19  
  (7) Provisions 293,808.68 539,743.22 827,437.05 1,064,528.34  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (521,583.55) (760,901.84) (929,837.92) (1,189,747.88)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (556,995.63) (799,160.36) (1,004,615.31) (1,271,725.86)  
  (2) Bad Debts Written Off (7,499.99) (56,962.43) (62,535.92) (110,252.33)  
  (3) Recovery on Charged-Off Assets 42,912.07 95,220.96 137,313.31 192,230.31  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 599,606.05 1,497,169.64 3,498,100.13 4,717,168.50  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 0.00 57,163.10 85,416.33 130,845.99  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 599,606.05 1,554,332.74 3,583,516.47 4,848,014.48  
  Income Tax Expense 118,316.52 330,379.37 885,884.28 1,334,627.20  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 481,289.53 1,223,953.38 2,697,632.19 3,513,387.29  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 0.00 0.00 0.00  
  NET PROFIT OR LOSS 481,289.53 1,223,953.38 2,697,632.19 3,513,387.29  
             
Source : Supervisory Data Center, Financial Supervision Sector, Bangko Sentral ng Pilipinas
Updated as of 29 March 2019