2011 Annual Report Financial Supplements - BDO

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The movements in the present value of the retirement benefit obligation recognized in thebooks follows:BDO Unibank GroupParent Bank2011 2010 2011 2010Balance at beginning of year P 10,130 P 8,459 P 9,658 P 7,913Current service and interest costs 1,609 1,490 1,524 1,413Actuarial losses 959 856 838 837Transfer to (from) plan assets 5 ( 141 ) 5 4Benefits paid by the plan ( 633) ( 534 )( 603 ) ( 509 )Balance at end of year P 12,070 P 10,130 P 11,422 P 9,658The movements in the fair value of plan assets are presented below.BDO Unibank GroupParent Bank2011 2010 2011 2010Balance at beginning of year P 7,390 P 4,357 P 7,106 P 4,114Contributions paid into the plan 1,815 2,435 1,730 2,357Benefits paid by the plan ( 633) ( 534 )( 603 ) ( 509 )Actuarial gains 69 857 67 813Transfer to plan assets 5 11 5 77Expected return on plan assets 398 264 384 254Balance at end of year P 9,044 P 7,390 P 8,689 P 7,106As at December 31, the composition (in percentages) of plan assets is presented below.BDO Unibank GroupParent Bank2011 2010 2011 2010Placements in debt instruments 65.4% 55.4% 65.5% 55.1%Deposits in other banks 8.2% 11.8% 8.2% 11.2%Loans and other receivables 8.4% 5.4% 8.4% 5.4%Other properties 18.0% 27.4% 17.9% 28.3%100.0% 100.0% 100.0% 100.0%Actual returns on plan assets were P477 and P451 in 2011 and P1,087 and P1,067 in 2010 inthe BDO Unibank Group and the Parent Bank financial statements, respectively.The amounts of retirement benefits recognized in profit or loss are as follows:BDO Unibank Group2011 2010 2009Current service costs P 774 P 725 P 515Interest costs 835 771 818Expected return on plan assets ( 399) ( 264) ( 259)Net actuarial losses recognized 109 112 111Net transition obligation (asset) recognized - ( 8) 124P 1,319 P 1,336 P 1,309www.bdo.com.ph 125
NOTES TOFINANCIAL STATEMENTSDECEMBER 31, 2011, 2010 AND 2009(Amounts in Millions of Philippine Pesos, Except Per Share Data or As Indicated)Parent Bank2011 2010 2009 2Current service costs111P 7277 P 679 P 480Interest costs 797 734 761Expected return on plan assets ( 384) ( 254) ( 245)Net actuarial gain recognized 97 105 104Net transition obligation recognized - - 139P 1,237 P 1,264 P 1,239The movements in the retirement benefit asset (liability) recognized in the books follows:BDO Unibank Group Parent Bank2011 2010 2011 2010Balance at beginning of year P 998 ( P 97 ) P 1,026 (P 67)Expense recognized ( 1,319 )( 1,336 ) ( 1,237) ( 1,264 )Retirement benefit liability ofacquired subsidiaries - ( 4) - -Contributions paid 1,815 2,435 1,730 2,357Balance at end of year P 1,494 P 998 P 1,519 P 1,026Presented below are the historical information related to the present value of theretirement benefit obligation, fair value of plan assets and deficit in the plan as well asexperienced adjustments arising on plan assets and liabilities.BDO Unibank Group2011 2010 2009 2008Present value of the obligation P 12,070 P 10,130 P 8,459 P 7,086Fair value of the plan assets 9,044 7,390 4,357 3,460Deficit in the plan P 3,026 P 2,740 P 4,102 P 3,626Experience adjustmentsarising on plan liabilities P 417 P 316 P 985 P 967Experience adjustmentsarising on plan assets P 78 P 845 P 148 (P 179 )
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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 75 and 76: NOTES TOFINANCIAL STATEMENTSDECEMBE
Page 125: NOTES TOFINANCIAL STATEMENTSDECEMBE
Page 149: COMPANY HEADQUARTERSBDO Unibank, In
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2011 Annual Report Financial Supplements - BDO

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