54 Income Statement          
             
             
  Rural Bank Group          
  as of end of periods indicated          
  amounts in thousand Pesos          
             
   
  Selected Accounts Mar-19 Jun-19 Sep-19 Dec-19  
   
  TOTAL OPERATING INCOME   7,011,105.86 14,378,756.75 22,029,725.30 29,627,845.22  
  Interest Income 6,418,400.35 13,199,092.19 20,228,724.49 27,241,711.34  
  Interest Expense 1,018,886.16 2,069,906.51 3,076,324.14 4,060,696.15  
  Provision for Losses on Accrued Interest Income from Financial Assets 5.93 180.64 145.68 1,717.16  
  Net Interest Income 5,399,508.25 11,129,005.05 17,152,254.67 23,179,298.03  
  Non-Interest income 1,611,597.61 3,249,751.70 4,877,470.62 6,448,547.19  
  (1) Dividend Income 30.55 110.64 229.59 533.33  
  (2) Fees and Commissions Income 1,119,972.47 2,129,058.51 3,151,578.34 4,174,711.97  
  (3) Trading Income 192,750.83 475,960.59 721,871.71 1,001,065.17  
  (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 566.24 1,580.92 450.72 83.42  
  (d) Foreign Exchange Profit/(Loss) 594.80 349.08 1,478.39 1,359.61  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 4,345.64 4,558.74 5,031.46 13,115.24  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 248,627.83 523,229.88 803,397.44 1,102,483.50  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL -61,383.68 -53,758.03 -88,486.30 -115,976.61  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting 0.00 0.00 0.00 0.00  
  (4) Other income 298,843.77 644,621.96 1,003,790.99 1,272,236.73  
  NON-INTEREST EXPENSES 5,236,123.05 10,787,750.61 16,351,335.64 22,648,835.20  
  (1) Compensation/Fringe Benefits 2,445,206.68 4,955,057.37 7,455,388.67 10,155,137.68  
  (2) Taxes and Licenses 513,450.15 1,021,241.58 1,551,500.35 2,115,566.47  
  (3) Fees and Commissions 52,116.99 105,072.04 177,705.45 230,727.95  
  (4) Other Administrative Expenses 1,718,187.71 3,570,300.65 5,546,554.69 7,439,550.07  
  (5) Depreciation/Amortization 331,704.87 699,818.53 1,050,119.90 1,628,594.96  
  (6) Impairment Losses 1,960.26 11,946.80 18,756.98 153,787.66  
  (7) Provisions 173,496.39 424,313.64 551,309.60 925,470.39  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS -102,426.32 -480,210.68 -611,874.19 -1,248,884.42  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets -164,802.95 -599,614.41 -773,529.77 -1,393,003.93  
  (2) Bad Debts Written Off -3,255.09 -6,604.95 -10,991.84 -85,382.53  
  (3) Recovery on Charged-Off Assets 65,631.73 126,008.68 172,647.42 229,502.04  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 1,672,556.50 3,110,795.46 5,066,515.46 5,730,125.61  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 38,523.70 36,176.77 103,557.64 152,761.90  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 1,711,080.20 3,146,972.23 5,170,073.10 5,882,887.51  
  Income Tax Expense 357,467.60 706,041.13 1,115,211.36 1,696,990.41  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 1,353,612.60 2,440,931.10 4,054,861.74 4,185,897.10  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 0.00 0.00 0.00  
  NET PROFIT OR LOSS 1,353,612.60 2,440,931.10 4,054,861.74 4,185,897.10  
             
Source : Department of Supervisory Analytics, Financial Supervision Sector, Bangko Sentral ng Pilipinas
Updated as of 31 March 2020