2011 Annual Report Financial Supplements - BDO

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BDO Unibank GroupNotes 2011 2010 2009Employee benefits 23 P 14,002 P 13,619 P 12,399Occupancy 31 4,365 4,467 4,334Taxes and licenses 3,662 3,510 3,424Advertising 2,172 2,022 1,278Security, clerical, messengerialand janitorial 1,952 1,894 1,881Insurance 1,694 1,515 1,367Fees and commissions 1,537 1,335 1,110Representation and entertainment 872 859 730Power, light and water 803 740 601Litigation/assets acquired 754 607 557Repairs and maintenance 737 671 638Travelling 602 537 583Information technology 460 621 585Supplies 442 413 351Amortization of intangibles 375 176 136Miscellaneous 13.06 1,887 1,803 2,155P 36,316 P 34,789 P 32,129Parent BankNotes 2011 2010 2009Employee benefit 23 P 13,107 P 12,776 P 11,520Occupancy 31 3,944 3,473 3,081Taxes and licenses 3,399 3,243 3,106Advertising 2,082 1,954 1,209Security, clerical, messengerialand janitorial 1,909 1,845 1,832Insurance 1,647 1,467 1,313Fees and commissions 1,321 1,172 968Power, light and water 766 702 573Representation and entertainment 763 755 666Litigation/assets acquired 729 577 533Repairs and maintenance 721 644 620Travelling 545 492 534Information technology 439 610 570Supplies 414 385 326Amortization of intangibles 371 174 134Miscellaneous 13.06 1,706 1,585 1,826P 33,863 P 31,854 P 28,811www.bdo.com.ph 123
NOTES TOFINANCIAL STATEMENTSDECEMBER 31, 2011, 2010 AND 2009(Amounts in Millions of Philippine Pesos, Except Per Share Data or As Indicated)23. EMPLOYEE BENEFITS23.01 Employee Benefits ExpenseExpenses recognized for employee benefits are presented below.BDO Unibank Group2011 2010 2009Salaries and wages P 8,154 P 7,415 P 6,977Bonuses 2,734 2,367 2,217Retirement – defined benefit plan 1,319 1,336 1,309Social security costs 357 325 309Other benefits 1,438 2,176 1,587P 14,002 P 13,619 P 12,399Parent Bank2011 2010 2009Salaries and wages P 7,616 P 6,895 P 6,385Bonuses 2,557 2,201 2,079Retirement – defined benefit plan 1,237 1,264 1,239Social security costs 340 307 291Other benefits 1,357 2,109 1,52623.02 Post-employment BenefitsP 13,107 P 12,776 P 11,520The BDO Unibank Group maintains a partially funded, tax-qualified noncontributoryretirement plan that is being administered by the Parent Bank’s trust and investment groupcovering all regular full-time employees. Actuarial valuations are made annually to update thepost-employment benefit costs and the amount of contributions.The amounts of retirement benefit asset recognized as part of Retirement asset under OtherResources (see Note 13) are determined as follows:BDO Unibank GroupParent Bank2011 2010 2011 2010Present value of the obligation (P 12,070 ) (P 10,130 ) (P 11,422) (P 9,658 )Fair value of plan assets 9,044 7,390 8,689 7,106Deficiency of plan assets ( 3,026 ) ( 2,740 ) ( 2,733) ( 2,552 )Unrecognized actuarial losses 4,520 3,821 4,252 3,650Transfer from the plan assets - ( 72 ) - ( 72 )Unrecognized net transition obligation - ( 11 ) - -P 1,494 P 998 P 1,519 P 1,026
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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 73 and 74: NOTES TOFINANCIAL STATEMENTSDECEMBE
Page 123: NOTES TOFINANCIAL STATEMENTSDECEMBE
Page 149: COMPANY HEADQUARTERSBDO Unibank, In
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2011 Annual Report Financial Supplements - BDO

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