59   CONSOLIDATED STATEMENT OF INCOME AND EXPENSES AND KEY RATIOS
Cooperative Banking System
for the periods indicated
in billion pesos
SELECTED ACCOUNTS
				Mar-11
	Income and Expense Accounts
		Interest Income		0.457
		Interest Expense		0.226
		Provision for Losses on Accrued Interest Income from Financial Assets		-
	Net Interest Income			0.231
	Non-Interest Income			0.150
		Dividend Income		-
		Fees and Commissions Income		0.093
			Payment Services	0.048
			Intermediation Services	0.006
			Custodianship	-
			Underwriting and Securities Dealership	-
			Securitization Activities	-
			Income from Fiduciary Activities	-
			Others	0.039
		Gains/(Losses) on Financial Assets and Liabilities Held for Trading		-
		Gains/(Losses) on Financial Assets and Liabilities Designated at Fair Value through Profit or Loss		-
		Foreign Exchange Profit/(Loss)		0.000
		Gains/(Losses) from Sale/Redemption/Derecognition of Non-Trading Financial Assets and Liabilities		-
		Gains/(Losses) on Fair Value Adjustment in Hedge Accounting		-
		Gains/(Losses) from Sale/Derecognition of Non-Financial Assets		0.005
			Bank Premises, Furniture, Fixture and Equipment	0.000
			ROPA	0.005
			Goodwill	-
			Other Intangibles	-
		Other Income		0.052
	Non-Interest Expense			0.290
		Compensation/Fringe Benefits		0.132
		Taxes and Licenses		0.007
		Fees and Commissions Expenses		0.000
		Other Administrative Expenses		0.109
		Depreciation/Amortization		0.022
		Impairment Losses		0.000
			Investment in Subsidiaries, Associates and Joint Ventures	-
			Bank Premises, Furniture, Fixture and Equipment	-
			ROPA	-
			Impairment Losses - Non-Current Assets Held for Sale	-
			Goodwill	-
			Other Intangible Assets	-
			Other Assets	0.000
		Provisions		0.019
	Losses/Recoveries on Financial Assets			(0.004)
		Provision for Credit Losses on Loans and Receivables and Other Financial Assets		(0.005)
		Bad Debts Written Off		-
		Recovery on Charged-Off Assets		0.001
	Net Profit Before Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method			0.088
	Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method			0.000
		Share in the Profit/(Loss) of Unconsolidated Subsidiaries		0.000
		Share in the Profit/(Loss) of Associates		0.000
		Share in the Profit/(Loss) of Joint Ventures		0.000
	Total Profit/Loss Before Tax and Before Minority Interest			0.088
		Income Tax Expense		0.000
	Total Profit/Loss After Tax and Before Minority Interest			0.088
		Minority Interest in Profit/(Loss) of Subsidiaries (for consolidated report only)		0.000
	Net Profit or Loss			0.088
	Key  Ratios
	Earning Asset Yield 1/			13.03
	Funding Cost 2/			6.70
	Interest Spread 3/			6.33
	Net Interest Margin 4/			6.79
	Net Interest Income to Total Operating Income			60.48
	Cost to Income Ratio 5/			83.47
	Return on Assets			1.50
	Return on Equity			11.16
	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