54 Income Statement    
       
       
  Rural Bank Group    
  as of end of periods indicated    
  amounts in thousand Pesos    
       
   
  Selected Accounts Mar-19  
   
  TOTAL OPERATING INCOME   7,011,105.86  
  Interest Income 6,418,400.35  
  Interest Expense 1,018,886.16  
  Provision for Losses on Accrued Interest Income from Financial Assets 5.93  
  Net Interest Income 5,399,508.25  
  Non-Interest income 1,611,597.61  
  (1) Dividend Income 30.55  
  (2) Fees and Commissions Income 1,119,972.47  
  (3) Trading Income 192,750.83  
  (a) Realized Gains/(Losses) from Sale/Redemption 0.00  
  (b) Unrealized Gains/(Losses) from Marking-to-Market 0.00  
  (c) Realized Gains/(Losses) from FX Transactions 566.24  
  (d) Foreign Exchange Profit/(Loss) 594.80  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 4,345.64  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 248,627.83  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL (61,383.68)  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting 0.00  
  (4) Other income 298,843.77  
  NON-INTEREST EXPENSES 5,236,123.05  
  (1) Compensation/Fringe Benefits 2,445,206.68  
  (2) Taxes and Licenses 513,450.15  
  (3) Fees and Commissions 52,116.99  
  (4) Other Administrative Expenses 1,718,187.71  
  (5) Depreciation/Amortization 331,704.87  
  (6) Impairment Losses 1,960.26  
  (7) Provisions 173,496.39  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (102,426.32)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (164,802.95)  
  (2) Bad Debts Written Off (3,255.09)  
  (3) Recovery on Charged-Off Assets 65,631.73  
  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  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 38,523.70  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 1,711,080.20  
  Income Tax Expense 357,467.60  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 1,353,612.60  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00  
  NET PROFIT OR LOSS 1,353,612.60  
       
Source : Supervisory Data Center, Financial Supervision Sector, Bangko Sentral ng Pilipinas
Updated as of 25 June 2019