49 Income Statement      
         
         
  Rural and Cooperative Bank Group      
  as of end of periods indicated      
  amounts in thousand Pesos      
         
   
  Selected Accounts Mar-21 Jun-21  
   
  TOTAL OPERATING INCOME   8,219,393.71 16,588,224.30  
  Interest Income 7,329,181.22 14,820,870.32  
  Interest Expense 899,607.91 1,792,349.18  
  Provision for Losses on Accrued Interest Income from Financial Assets 1,386.63 2,677.01  
  Net Interest Income 6,428,186.67 13,025,844.14  
  Non-Interest income 1,791,207.04 3,562,380.16  
  (1) Dividend Income 156.79 270.81  
  (2) Fees and Commissions Income 1,087,304.82 2,135,608.60  
  (3) Trading Income 362,700.52 691,125.23  
  (a) Realized Gains/(Losses) from Sale/Redemption 0.00 0.00  
  (b) Unrealized Gains/(Losses) from Marking-to-Market 0.00 0.00  
  (c) Realized Gains/(Losses) from FX Transactions 0.00 0.00  
  (d) Foreign Exchange Profit/(Loss) 2,162.06 3,749.05  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities (11,631.32) 2,092.93  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 372,958.73 685,781.97  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL (788.96) (498.73)  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting 0.00 0.00  
  (4) Other income 341,044.91 735,375.53  
  NON-INTEREST EXPENSES 6,123,245.76 12,593,108.20  
  (1) Compensation/Fringe Benefits 2,842,340.03 5,984,048.15  
  (2) Taxes and Licenses 588,811.40 1,224,682.21  
  (3) Fees and Commissions 84,891.02 252,167.73  
  (4) Other Administrative Expenses 1,858,672.05 3,648,696.22  
  (5) Depreciation/Amortization 426,181.61 917,894.96  
  (6) Impairment Losses 4,171.11 11,552.10  
  (7) Provisions 318,178.55 554,066.82  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (285,017.16) (616,429.07)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (354,774.71) (752,723.06)  
  (2) Bad Debts Written Off (4,477.15) (11,060.68)  
  (3) Recovery on Charged-Off Assets 74,234.70 147,354.66  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 1,811,130.79 3,378,687.03  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 12,080.81 19,833.67  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 1,823,211.60 3,398,520.71  
  Income Tax Expense 481,176.62 863,356.49  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 1,342,034.98 2,535,164.22  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 0.00  
  NET PROFIT OR LOSS 1,342,034.98 2,535,164.22  
         
Source : Department of Supervisory Analytics, Financial Supervision Sector, Bangko Sentral ng Pilipinas
Updated as of 9 August 2021