49 Income Statement    
       
       
  Rural and Cooperative Bank Group    
  as of end of periods indicated    
  amounts in thousand Pesos    
       
   
  Selected Accounts Mar-21  
   
  TOTAL OPERATING INCOME   8,219,393.71  
  Interest Income 7,329,181.22  
  Interest Expense 899,607.91  
  Provision for Losses on Accrued Interest Income from Financial Assets 1,386.63  
  Net Interest Income 6,428,186.67  
  Non-Interest income 1,791,207.04  
  (1) Dividend Income 156.79  
  (2) Fees and Commissions Income 1,087,304.82  
  (3) Trading Income 362,700.52  
  (a) Realized Gains/(Losses) from Sale/Redemption 0.00  
  (b) Unrealized Gains/(Losses) from Marking-to-Market 0.00  
  (c) Realized Gains/(Losses) from FX Transactions 0.00  
  (d) Foreign Exchange Profit/(Loss) 2,162.06  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities (11,631.32)  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 372,958.73  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL (788.96)  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting 0.00  
  (4) Other income 341,044.91  
  NON-INTEREST EXPENSES 6,123,245.76  
  (1) Compensation/Fringe Benefits 2,842,340.03  
  (2) Taxes and Licenses 588,811.40  
  (3) Fees and Commissions 84,891.02  
  (4) Other Administrative Expenses 1,858,672.05  
  (5) Depreciation/Amortization 426,181.61  
  (6) Impairment Losses 4,171.11  
  (7) Provisions 318,178.55  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (285,017.16)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (354,774.71)  
  (2) Bad Debts Written Off (4,477.15)  
  (3) Recovery on Charged-Off Assets 74,234.70  
  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  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 12,080.81  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 1,823,211.60  
  Income Tax Expense 481,176.62  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 1,342,034.98  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00  
  NET PROFIT OR LOSS 1,342,034.98  
       
Source : Department of Supervisory Analytics, Financial Supervision Sector, Bangko Sentral ng Pilipinas
Updated as of 4 June 2021