2011 Annual Report Financial Supplements - BDO

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This account is composed of the following (by counterparties):BDO Unibank Group Parent Bank2011 2010 2011 2010Due to other banksDemand P 841 P 714 P 788 P 702Savings 1,959 2,874 1,959 2,874Time 1,796 4,334 1,796 1,9504,596 7,922 4,543 5,526Due to customersDemand 47,658 44,731 35,271 32,787Savings 480,558 423,150 481,188 423,813Time 325,757 306,832 317,746 300,508The breakdown of deposit liabilities, as to currency, follows:853,973 774,713 834,205 757,108P 858,569 P 782,635 P 838,748 P 762,634BDO Unibank Group Parent Bank2011 2010 2011 2010Foreign currencies P 206,618 P 217,049 P 200,000 P 209,524Peso 651,951 565,586 638,748 553,110The maturity profile of this account is presented below.P 858,569 P 782,635 P 838,748 P 762,634BDO Unibank Group Parent Bank2011 2010 2011 2010Less than one year P 792,225 P 708,223 P 774,462 P 693,130One to five years 55,100 59,469 53,042 54,561Beyond five years 11,244 14,943 11,244 14,943P 858,569 P 782,635 P 838,748 P 762,634The BDO Unibank Group’s and Parent Bank’s deposit liabilities are in the form of demand,savings and time deposit accounts both bearing annual interest rates of 0% to 8.3% in 2011and 0% to 9.7% in 2010. Demand and savings deposits usually have both fixed and variableinterest rates while time deposit has fixed interest rate except for one tranche of the pesodenominatedlong-term negotiable certificates of deposits (LTNCDs) which are repriced everyquarter.www.bdo.com.ph 109
NOTES TOFINANCIAL STATEMENTSDECEMBER 31, 2011, 2010 AND 2009(Amounts in Millions of Philippine Pesos, Except Per Share Data or As Indicated)On December 23, 2004, the BSP approved the Parent Bank’s application to issue in two ormore tranches of up to P5,000 worth of peso-denominated LTNCDs within one year fromdate of approval. The first tranche amounting to P2,100 was issued on June 1, 2005 andmatured on June 2, 2010 and the second tranche amounting to P2,900 was issued onNovember 23, 2005 and matured on November 24, 2010. The first tranche paid a variableinterest based on 3M PDST-F (formerly MART 1) plus 0.25% spread while the second tranchepaid a fixed rate of 9.73%. Also, on September 25, 2006, the BSP approved the Parent Bank’sapplication to issue another P5,000 LTNCDs in one tranche. The P5,000 LTNCDs, with afixed interest rate of 8.25% per annum, were issued on October 4, 2006 and matured onNovember 3, 2011. These are presented as part of Time Deposits under Deposit Liabilitiesaccount in the 2010 statement of financial position.Also on April 26, 2007, the Monetary Board (MB) of the BSP authorized BDO Private toissue up to P5,000 worth of fixed rate or zero coupon LTNCDs in one or more tranches.The first tranche, consisting of P2,191 in zero coupon LTNCDs, was issued onJune 18, 2007 and will mature on December 18, 2012. These LTNCDs are presented, net ofdiscount and included P17 in capitalized transaction costs, as part of the Time DepositLiabilities account in the statements of financial position.Under existing BSP regulations, non-FCDU deposit liabilities of the BDO Unibank Groupare subject to liquidity reserve requirement equivalent to 11.0% both in 2011 and 2010 andstatutory reserve equivalent to 10.0% and 8.0% in 2011 and 2010, respectively. As ofDecember 31, 2011, the BDO Unibank Group is in compliant with these regulations.16. BILLS PAYABLEThis account is composed of the following:BDO Unibank Group Parent Bank2011 2010 2011 2010Deposit substitutes P 17,152 P 8,304 P 17,149 P 8,031Foreign banks 13,694 26,096 13,694 25,876Senior notes 13,210 13,202 13,210 13,202PDIC 4,472 4,483 4,472 4,483BSP 968 1,445 968 1,445Local banks 132 131 132 131Others 9,846 12,200 1,753 2,913The breakdown of this account as to currency follows:P 59,474 P 65,861 P 51,378 P 56,081BDO Unibank Group Parent Bank2011 2010 2011 2010Peso P 14,909 P 26,036 P 6,813 P 16,476Foreign currencies 44,565 39,825 44,565 39,605P 59,474 P 65,861 P 51,378 P 56,081
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REPORT OFINDEPENDENT AUDITORSReport
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STATEMENTS OFINCOMEFOR THE YEARS EN
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BALANCE AT JANUARY 1, 2009 P 23,020
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FOR THE YEARS ENDED DECEMBER 31, 20
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1.02 Approval of Financial Statemen
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(ii) Philippine Interpretation IFRI
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PFRS 7 (Amendment), Financial Instr
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(v)PFRS 9, Financial Instruments: C
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BDO Unibank Group accounts for its
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Regular purchases and sales of fina
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Subsequent to initial recognition,
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Certain derivatives may be designat
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NOTES TOFINANCIAL STATEMENTSDECEMBE
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Page 59 and 60: NOTES TOFINANCIAL STATEMENTSDECEMBE
Page 109: NOTES TOFINANCIAL STATEMENTSDECEMBE
Page 149: COMPANY HEADQUARTERSBDO Unibank, In
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2011 Annual Report Financial Supplements - BDO

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