2011 Annual Report Financial Supplements - BDO
2011 Annual Report Financial Supplements - BDO
2011 Annual Report Financial Supplements - BDO
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NOTES TOFINANCIAL STATEMENTSDECEMBER 31, <strong>2011</strong>, 2010 AND 2009(Amounts in Millions of Philippine Pesos, Except Per Share Data or As Indicated)Parent BankReturn on common equity:<strong>2011</strong> 2010 2009Net profit 10.6% 12.0% 11.9%Average common equityCapital to risk assets ratio*:Combined credit, market andoperational risk 13.6% 12.1% 10.4%*Computed using balances prepared under FRSP for banks(b) Secured liabilities and resources pledged as security are shown below.<strong>BDO</strong> Unibank Group Parent Bank<strong>2011</strong> 2010 <strong>2011</strong> 2010Aggregate amountof secured liabilities P 14,939 P 23,997 P 14,939 P 23,997Aggregate amount of resourcespledged as security P 17,336 P 26,988 P 17,336 P 26,98830. EVENTS AFTER THE REPORTING PERIODOn February 16, 2012, <strong>BDO</strong> Unibank Group issued Senior Notes with a face value ofUS$300 million at a price of 99.448 or a total price of US$298 million. The Senior Notes,which will mature in February 16, 2017, bear a coupon rate of 4.5% per annum, witheffective yield of 4.625% per annum, and will be payable semi-annually every February 16and August 16 starting on August 16, 2012. The net proceeds from the issuance of SeniorNotes are intended for general funding and re-lending purposes.On January 28, 2012, the Parent Bank's BOD approved the declaration of annual cashdividends on peso denominated preferred shares at the rate of 6.5% per annum for a totaldividend of P330 which was approved by BSP on February 20, 2012.31. COMMITMENTS AND CONTINGENCIES31.01 Litigations<strong>BDO</strong> Unibank Group has pending claims and/or is a defendant in various legal actionsarising from the ordinary course of business operations. As of December 31, <strong>2011</strong>,management believes that no such legal proceedings are expected to have material adverseeffect on the <strong>BDO</strong> Unibank Group’s financial position. The Parent Bank is a respondent intwo arbitration proceedings under the International Chamber of Commerce (ICC) arisingfrom isolated transactions, i.e., the sale of its equity investments.