PHILIPPINE FOREIGN CURRENCY DEPOSIT SYSTEM
Comparative Statement of Condition        
Comparative Statement of Condition        
(In US$ Millions)        
BALANCE SHEET ACCOUNTS  End-June  Increase/(Decrease)
 2008  2009  Amount  %
         
ASSETS           25,349.261           24,775.153              (574.108)                    (2.26)
   
Cash on Hand                170.274                170.626                    0.352                      0.21
Checks and Other Cash Items                  46.899                  41.609                  (5.289)                  (11.28)
Due from Bangko Sentral ng Pilipinas                    5.601                         -                     (5.601)                (100.00)
Due from Other Banks             2,803.578             2,075.995              (727.583)                  (25.95)
Financial Assets Held for Trading (HFT)                949.473             1,242.566                293.094                    30.87
Financial Assets Designated at Fair Value through Profit or Loss                118.742                  66.701                (52.040)                  (43.83)
Available-for-Sale (AFS) Financial Assets - Net             7,363.296             4,635.572           (2,727.724)                  (37.04)
Held-to-Maturity (HTM) Financial Assets - Net             1,653.928             4,817.860             3,163.932                  191.30
Unquoted Debt Securities Classified as Loans - Net                572.267             1,685.746             1,113.479                  194.57
Loan Portfolio - Net           10,887.639             9,468.536           (1,419.103)                  (13.03)
Derivatives with Positive Fair Value Held for Hedging                    0.409                    0.169                  (0.239)                  (58.56)
Accrued Interest Income from Financial Assets - Net                271.773                259.412                (12.361)                    (4.55)
Real and Other Properties Acquired - Net                    6.566                    7.396                    0.830                    12.64
Non-Current Assets Held for Sale                    1.185                         -                     (1.185)                (100.00)
Deferred Tax Asset                    0.209                    0.104                  (0.104)                  (50.04)
Other Assets - Net                497.424                302.859              (194.564)                  (39.11)
   
LIABILITIES AND CAPITAL           25,349.261           24,775.153              (574.108)                    (2.26)
   
Liabilities           25,029.965           24,293.573              (736.391)                    (2.94)
   
Financial Liabilities Held for Trading                100.931                  97.712                  (3.219)                    (3.19)
Financial Liabilities Designated at Fair Value through Profit or Loss                118.835                         -                 (118.835)                (100.00)
Deposit Liabilities           20,535.225           21,778.744             1,243.519                      6.06
Due to Other Banks                294.022                422.450                128.428                    43.68
Bills Payable             2,226.219                871.416           (1,354.804)                  (60.86)
Bonds Payable - Net                240.515                126.322              (114.193)                  (47.48)
Unsecured Subordinated Debt - Net                408.044                158.400              (249.644)                  (61.18)
Derivatives with Negative Fair Value Held for Hedging                  14.544                  11.957                  (2.587)                  (17.79)
Accrued Interest Expense on Financial Liabilities                  87.991                  67.338                (20.653)                  (23.47)
Due to Treasurer of the Philippines                    0.585                    0.584                  (0.001)                    (0.09)
Payment Orders Payable                  23.236                  18.096                  (5.140)                  (22.12)
Due to Bangko Sentral ng Pilipinas                    0.167                    0.135                  (0.033)                  (19.51)
Due to Philippine Deposit Insurance Corporation                    0.163                    1.417                    1.254                  771.32
Income Tax Payable                    0.763                    0.529                  (0.234)                  (30.70)
Other Taxes and Licenses Payable                    3.199                    3.806                    0.607                    18.96
Accrued Expenses                    3.156                    1.344                  (1.812)                  (57.41)
Unearned Income                    3.038                    3.124                    0.087                      2.86
Deferred Tax Liabilities                    0.053                         -                     (0.053)                (100.00)
Other Liabilities                184.296                100.602                (83.694)                  (45.41)
Due to Head Office/Branches/Agencies - Net *                637.122                486.014              (151.109)                  (23.72)
Due to FCDU/RBU - Net **                147.860                143.585                  (4.276)                    (2.89)
   
Capital Accounts                319.296                481.579                162.283                    50.83
   
Paid-in Capital Stock        
Additional Paid-in Capital        
Other Equity Instruments                351.147                351.147                         -                             -  
Retained Earnings                  (0.013)                (80.174)                (80.161)           608,743.66
Stock Dividend Distributable        
Undivided Profits                261.117                350.355                  89.239                    34.18
Other Comprehensive Income              (292.954)              (139.749)                153.205                  (52.30)
Appraisal Increment Reserve        
Treasury Stock        
Assigned Capital        
         
    * Net of Due from Head Office/Branches/Agencies (Philippine branch of a foreign banks)  
   ** Net of Due from FCDU/RBU  
Source:  Financial Reporting Package (FRP) Solo Basis - Balance Sheet