2011 Annual Report Financial Supplements - BDO

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At Amortized Carrying FairCost Amount ValueFinancial LiabilitiesDeposit liabilities P 782,635 P 782,635 P 784,917Bills payable 65,861 65,861 65,378Subordinated notes payable 23,152 23,152 25,120Other liabilities 37,898 37,898 37,898Parent BankP 909,546 P 909,546 P 913,3132011ClassesAt Amortized At Fair Carrying FairCost Value Amount ValueFinancial AssetsCash and other cash items P - P 33,102 P 33,102 P 33,102Due from BSP 115,992 - 115,992 116,034Due from other banks 22,777 - 22,777 22,777Financial assets at FVTPL - 2,408 2,408 2,408AFS securities - 82,931 82,931 82,931HTM investments 85,742 - 85,742 97,761Loans and other receivables 653,857 - 653,857 663,057Other resources 2,318 - 2,318 2,318P 880,686 P 118,441 P 999,127 P 1,020,388At Amortized Carrying FairCost Amount ValueFinancial LiabilitiesDeposit liabilities P 838,748 P 838,748 P 841,447Bills payable 51,378 51,378 51,460Subordinated notes payable 38,255 38,255 41,549Other liabilities 34,930 34,930 34,930P 963,311 P 963,311 P 969,3862010ClassesAt Amortized At Fair Carrying FairCost Value Amount ValueFinancial AssetsCash and other cash items P - P 26,660 P 26,660 P 26,660Due from BSP 129,718 - 129,718 129,719Due from other banks 20,433 - 20,433 20,433Financial assets at FVTPL - 4,347 4,347 4,347AFS securities - 77,725 77,725 77,725HTM investments 95,569 - 95,569 106,175Loans and other receivables 548,618 - 548,618 554,063Other resources 2,886 - 2,886 2,886P 797,224 P 108,732 P 905,956 P 922,008www.bdo.com.ph 85
NOTES TOFINANCIAL STATEMENTSDECEMBER 31, 2011, 2010 AND 2009(Amounts in Millions of Philippine Pesos, Except Per Share Data or As Indicated)At Amortized Carrying FairCost Amount ValueFinancial LiabilitiesDeposit liabilities P 762,634 P 762,634 P 765,289Bills payable 56,081 56,081 55,679Subordinated notes payable 23,152 23,152 25,120Other liabilities 32,403 32,403 32,403P 874,270 P 874,270 P 878,4917. CASH AND BALANCES WITH THE BSPThese accounts are composed of the following:BDO Unibank Group Parent Bank2011 2010 2011 2010Cash and other cash items P 33,129 P 26,673 P 33,102 P 26,660Due from BSP:Mandatory reserves 30,566 70,237 28,006 68,166Other than mandatoryreserves 94,328 68,245 87,986 61,552124,894 138,482 115,992 129,718P 158,023 P 165,155 P 149,094 P 156,378Mandatory reserves represent the balance of the deposit account maintained with the BSP tomeet reserve requirements and to serve as clearing account for interbank claims. Due fromBSP bears annual interest rates of 0.1% to 4.8% in 2011 and 3.2% to 4.2% in 2010, except forthe amounts within the required reserve as determined by BSP. Total interest income earnedamounted to P2,025, P2,714 and P1,988 in 2011, 2010 and 2009, respectively, in the BDOUnibank Group financial statements and P1,866, P2,631 and P1,941 in 2011, 2010 and 2009,respectively, in the Parent Bank’s financial statements (see Note 20).Cash and other cash items and balances with the BSP are included in cash and cashequivalents for statements of cash flows purposes.Under Section 254 of the Manual of Regulations for Banks (MORB), a bank is required tomaintain at least 25 percent of its statutory reserve requirements in the form of deposit withthe BSP as among the allowable instruments for reserve cover. Section 254.1 of the MORBfurther provides that such deposit account with the BSP is not considered as a regular currentaccount as BSP checks for drawings against such deposit shall be limited to: (i) settlement ofobligations with the BSP; and, (ii) withdrawals to meet cash requirements.
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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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COMPANY HEADQUARTERSBDO Unibank, In
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2011 Annual Report Financial Supplements - BDO

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