2011 Annual Report Financial Supplements - BDO

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Parent Bank2011 2010 2009 2008Present value of the obligation P 11,422 P 9,658 P 7,913 P 6,684Fair value of the plan assets 8,689 7,106 4,114 3,277Deficit in the plan P 2,733 P 2,552 P 3,799 P 3,407Experience adjustmentsarising on plan liabilities P 337 P 351 P 930 P 919Experience adjustmentsarising on plan assets P 67 P 813 P 137 (P 170 )The BDO Unibank Group expect to pay P81 as contributions to retirement benefit plans in2012.In determining the amounts of retirement benefits, the following actuarial assumptions wereused:BDO Unibank Group Parent Bank2011 2010 2011 2010Discount rates 6.33% 8.25% 6.33% 8.3%Expected rate of returnon plan assets 5.0% 5.0% 5.0% 5.0%Expected rate of salary increases 10.0% 10.0% 10.0% 10.0%Assumptions regarding future mortality experience are based on published statistics andmortality tables. The average remaining working lives of an individual retiring at the age of 60is 27.The overall expected long-term rate of return on assets is 5%. The expected long-term rate ofreturn is based on the portfolio as a whole and not on the sum of the returns on individualasset categories. The return is based exclusively on historical returns, without adjustments.www.bdo.com.ph 127
NOTES TOFINANCIAL STATEMENTSDECEMBER 31, 2011, 2010 AND 2009(Amounts in Millions of Philippine Pesos, Except Per Share Data or As Indicated)24. RELATED PARTY TRANSACTIONSIn the ordinary course of business, BDO Unibank Group has loans, deposits and othertransactions with its related parties and with certain directors, officers, stockholders andrelated interest (DOSRI) as described below.Transactions with and between subsidiaries have been eliminated in the consolidated financialstatements.(a) Loans to Related PartiesUnder existing policies of BDO Unibank Group, these loans are made on substantiallythe same terms as loans granted to other individuals and businesses of comparable risks.The General Banking Act and BSP regulations limit the amount of the loans granted by abank to a single borrower to 25% of equity. The amount of individual loans to DOSRI,of which 70% must be secured, should not exceed the amount of the unencumbereddeposit and book value of the investment in the BDO Unibank Group. In the aggregate,loans to DOSRI generally should not exceed the total equity or 15% of the total loanportfolio of BDO Unibank Group, whichever is lower.The following additional information relates to the DOSRI loans:BDO Unibank Group Parent Bank2011 2010 2011 2010Total DOSRI loans P 42,814 P 35,453 P 42,814 P 35,413Unsecured DOSRI loans 2,601 2,146 2,601 2,126% of DOSRI loans to totalloan portfolio 6.4% 6.6% 6.5% 6.7%% of unsecured DOSRI loans tototal DOSRI loans 6.0% 6.1% 6.1% 6.0%% of past due DOSRI loans tototal DOSRI loans 0.0% 0.0% 0.0% 0.0%% of non-performing DOSRI loansto total DOSRI loans 0.0% 0.0% 0.0% 0.0%DOSRI loans bear interest rates of 0% (Standby Letters of Credits or LCs) to 9.1% in2011 and 0% (Standby LCs) to 11.0% for both 2010 and 2009 for both BDO UnibankGroup and Parent Bank financial statements.(b) Deposits from Related PartiesAs of December 31, 2011 and 2010, total deposits made by the related parties to BDOUnibank Group amounted to P415,744 and P194,625, respectively. The related interestexpense from deposits amounted to P38, P10, and P6 in 2011, 2010 and 2009,respectively.
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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 149: COMPANY HEADQUARTERSBDO Unibank, In
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2011 Annual Report Financial Supplements - BDO

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