13 Income Statement      
         
         
  Universal and Commercial Bank Group      
  as of end of periods indicated      
  amounts in thousand Pesos      
         
   
  Selected Accounts Mar-21 Jun-21  
   
  TOTAL OPERATING INCOME   185,379,327.56 395,812,505.69  
  Interest Income 164,193,826.97 329,147,105.99  
  Interest Expense 25,796,605.21 50,512,191.43  
  Provision for Losses on Accrued Interest Income from Financial Assets 107,279.06 187,894.31  
  Net Interest Income 138,289,942.70 278,447,020.25  
  Non-Interest income 47,089,384.86 117,365,485.43  
  (1) Dividend Income 936,587.18 1,297,663.48  
  (2) Fees and Commissions Income 23,040,453.71 45,591,935.80  
  (3) Trading Income 19,982,044.39 64,908,101.43  
  (a) Realized Gains/(Losses) from Sale/Redemption (1,335,632.66) (225,864.03)  
  (b) Unrealized Gains/(Losses) from Marking-to-Market 937,246.58 675,139.54  
  (c) Realized Gains/(Losses) from FX Transactions 812,891.67 2,240,833.61  
  (d) Foreign Exchange Profit/(Loss) 1,296,988.77 3,327,360.54  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 16,939,420.52 22,851,008.89  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 1,356,292.08 35,987,406.77  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL (14,778.00) 70,880.90  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting (10,384.57) (18,664.79)  
  (4) Other income 3,130,299.58 5,567,784.73  
  NON-INTEREST EXPENSES 109,007,756.90 216,096,159.41  
  (1) Compensation/Fringe Benefits 34,649,513.90 72,612,412.86  
  (2) Taxes and Licenses 12,057,928.13 22,069,817.73  
  (3) Fees and Commissions 4,925,187.99 10,090,060.87  
  (4) Other Administrative Expenses 42,305,324.77 84,291,131.40  
  (5) Depreciation/Amortization 9,059,477.98 18,438,001.73  
  (6) Impairment Losses 423,979.81 996,581.56  
  (7) Provisions 5,586,344.32 7,598,153.26  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (17,385,633.02) (51,431,938.41)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (20,610,873.66) (56,137,481.92)  
  (2) Bad Debts Written Off (3,420,313.44) (4,920,387.51)  
  (3) Recovery on Charged-Off Assets 6,645,554.08 9,625,931.03  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 58,985,937.65 128,284,407.87  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 3,934,698.47 10,104,619.13  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 62,920,636.12 138,389,027.00  
  Income Tax Expense 14,479,617.09 24,896,198.24  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 48,441,019.03 113,492,828.76  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 0.00  
  NET PROFIT OR LOSS 48,441,019.03 113,492,828.76  
         
Source : Department of Supervisory Analytics, Financial Supervision Sector, Bangko Sentral ng Pilipinas
Updated as of 9 August 2021