2011 Annual Report Financial Supplements - BDO

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A summary of the VaR position of the trading portfolios at December 31 follows:BDO Unibank Group2011 2010VaR Stress VaR VaR Stress VaRForeign currency risk (P 8) (P 80) (P 12) (P 108)Interest rate risk – Peso ( 17) ( 73) ( 136) ( 969)Interest rate risk – USD ( 6)( 132) ( 14)( 206)Parent Bank(P 31) (P 285) (P 162) (P 1,283)2011 2010VaR Stress VaR VaR Stress VaRForeign currency risk (P 8) (P 80) (P 11) (P 102)Interest rate risk – Peso ( 8) ( 17) ( 115) ( 779)Interest rate risk – USD ( 2)( 34) ( 2)( 42)(P 18) (P 131) (P 128) (P 923)The earnings-at-risk before tax in a rising and declining interest rate scenario for financialassets and liabilities repriced during 2011 and 2010 is shown below.BDO Unibank Group2011Change in interest rates (in basis points)-100 +100 -50 +50Change on annualizednet interest income (P 1,515) P 1,515 (P 758) P 758As a percentage of BDOUnibank Group’s netinterest income for 2011 ( 4.5%) 4.5% ( 2.2%) 2.2%Earnings-at-risk P 1,9182010Change in interest rates (in basis points)-100 +100 -50 +50Change on annualizednet interest income (P 1,090) P 1,090 (P 545) P 545As a percentage of BDOUnibank Group’s netinterest income for 2010 ( 3.2%) 3.2% ( 1.6%) 1.6%Earnings-at-risk P 386www.bdo.com.ph 69
NOTES TOFINANCIAL STATEMENTSDECEMBER 31, 2011, 2010 AND 2009(Amounts in Millions of Philippine Pesos, Except Per Share Data or As Indicated)Parent Bank2011Change in interest rates (in basis points)-100 +100 -50 +50Change on annualizednet interest income (P 1,633) P 1,633 (P 816) P 816As a percentage of ParentBank’s net interestincome for 2011 ( 5.1%) 5.1% ( 2.6%) 2.6%Earnings-at-risk P 1,9182010Change in interest rates (in basis points)-100 +100 -50 +50Change on annualizednet interest income (P 1,365) P 1,365 (P 683) P 683As a percentage of ParentBank’s net interestincome for 2010 ( 4.3%) 4.3% ( 2.2%) 2.2%Earnings-at-risk P 4194.02.03 Price RiskBDO Unibank Group is exposed to equity securities price risk because of investments held byBDO Unibank Group and classified on the statement of financial position either as AFS or atFVTPL. BDO Unibank Group is not exposed to commodity price risk. To manage its pricerisk arising from investments in equity securities, BDO Unibank Group diversifies itsportfolio. Diversification of the portfolio is done in accordance with the limits set by BDOUnibank Group.The table below summarizes the impact of increases of the financial assets at FVTPL and AFSsecurities on BDO Unibank Group’s net profit after tax and equity as ofDecember 31. The analysis is based on the assumption that the correlated equity indices haveincreased by 3.04% in 2011 and increased by 17.2% in 2010 for securities classified as FVTPLand AFS securities with all other variables held constant and all BDO Unibank Group’s equityinstruments moved according to the historical correlation with the index.BDO Unibank GroupImpact onImpact on othernet profit after tax comprehensive incomeincrease (decrease) increase (decrease)2011 2010 2011 2010Financial assets at FVTPL P 2 P 1 P - P -AFS securities - - 115 540P 2 P 1 P 115 P 540
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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
Page 22 and 23: (ii) Philippine Interpretation IFRI
Page 24 and 25: PFRS 7 (Amendment), Financial Instr
Page 26 and 27: (v)PFRS 9, Financial Instruments: C
Page 28 and 29: BDO Unibank Group accounts for its
Page 30 and 31: Regular purchases and sales of fina
Page 32 and 33: Subsequent to initial recognition,
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NOTES TOFINANCIAL STATEMENTSDECEMBE
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COMPANY HEADQUARTERSBDO Unibank, In
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2011 Annual Report Financial Supplements - BDO

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