13 Income Statement    
       
       
  Universal and Commercial Bank Group    
  as of end of periods indicated    
  amounts in thousand Pesos    
       
   
  Selected Accounts Mar-21  
   
  TOTAL OPERATING INCOME   185,379,327.56  
  Interest Income 164,193,826.97  
  Interest Expense 25,796,605.21  
  Provision for Losses on Accrued Interest Income from Financial Assets 107,279.06  
  Net Interest Income 138,289,942.70  
  Non-Interest income 47,089,384.86  
  (1) Dividend Income 936,587.18  
  (2) Fees and Commissions Income 23,040,453.71  
  (3) Trading Income 19,982,044.39  
  (a) Realized Gains/(Losses) from Sale/Redemption (1,335,632.66)  
  (b) Unrealized Gains/(Losses) from Marking-to-Market 937,246.58  
  (c) Realized Gains/(Losses) from FX Transactions 812,891.67  
  (d) Foreign Exchange Profit/(Loss) 1,296,988.77  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 16,939,420.52  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 1,356,292.08  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL (14,778.00)  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting (10,384.57)  
  (4) Other income 3,130,299.58  
  NON-INTEREST EXPENSES 109,007,756.90  
  (1) Compensation/Fringe Benefits 34,649,513.90  
  (2) Taxes and Licenses 12,057,928.13  
  (3) Fees and Commissions 4,925,187.99  
  (4) Other Administrative Expenses 42,305,324.77  
  (5) Depreciation/Amortization 9,059,477.98  
  (6) Impairment Losses 423,979.81  
  (7) Provisions 5,586,344.32  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (17,385,633.02)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (20,610,873.66)  
  (2) Bad Debts Written Off (3,420,313.44)  
  (3) Recovery on Charged-Off Assets 6,645,554.08  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 58,985,937.65  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 3,934,698.47  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 62,920,636.12  
  Income Tax Expense 14,479,617.09  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 48,441,019.03  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00  
  NET PROFIT OR LOSS 48,441,019.03  
       
Source : Department of Supervisory Analytics, Financial Supervision Sector, Bangko Sentral ng Pilipinas
Updated as of 7 May 2021