2011 Annual Report Financial Supplements - BDO

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8. DUE FROM OTHER BANKSThe balance of this account represents deposits with the following:BDO Unibank Group Parent Bank2011 2010 2011 2010Foreign banks P 22,601 P 20,144 P 21,311 P 18,848Local banks 2,118 1,633 1,466 1,585The breakdown of this account as to currency follows:P 24,719 P 21,777 P 22,777 P 20,433BDO Unibank Group Parent Bank2011 2010 2011 2010US dollar P 20,875 P 18,051 P 19,775 P 17,582Other currencies 3,262 3,687 2,966 2,814Peso 582 39 36 37P 24,719 P 21,777 P 22,777 P 20,433Annual interest rates on these deposits range from 0% to 4.6% in 2011, 0% to 4.1% in 2010,and 0% to 10% in 2009 in the BDO Unibank Group financial statements and 0% to 2.6% in2011, 0% to 2.6% in 2010, and 0% to 5% in 2009 in the Parent Bank’s financial statements.Due from other banks are included in cash and cash equivalents for statements of cash flowspurposes.9. TRADING AND INVESTMENT SECURITIESThe components of this account are shown below.BDO Unibank Group Parent Bank2011 2010 2011 2010Financial assets at FVTPL P 4,823 P 7,372 P 2,408 P 4,347AFS securities 89,925 85,674 82,931 77,725HTM investments 93,670 104,241 85,742 95,569P 188,418 P 197,287 P 171,081 P 177,641www.bdo.com.ph 87
NOTES TOFINANCIAL STATEMENTSDECEMBER 31, 2011, 2010 AND 2009(Amounts in Millions of Philippine Pesos, Except Per Share Data or As Indicated)9.01 Financial Assets at FVTPLThis account is composed of the following:BDO Unibank Group Parent Bank2011 2010 2011 2010Derivative financial assets P 3,739 P 5,110 P 1,890 P 3,379Government bonds 949 1,640 518 866Other debt securities 58 610 - 1024,746 7,360 2,408 4,347Equity securities - quoted 77 12 - -P 4,823 P 7,372 P 2,408 P 4,347All financial assets at FVTPL are held for trading. For government bonds and other debtsecurities, the amounts presented have been determined directly by reference to publishedprices quoted in an active market. On the other hand, the fair value of derivative financialassets is determined through valuation technique using net present value of future cash flowsmethod. BDO Unibank Group recognized total fair value gain (loss) on financial assets atFVTPL amounting to P378, (P131) and P1,814 in 2011, 2010 and 2009, respectively, in theBDO Unibank Group financial statements and P359, (P270) and P1,778 in 2011, 2010 and2009, respectively, in the Parent Bank financial statements. These are included as part ofTrading gain – net under Other Operating Income in the statements of income (see Note 22).Foreign currency-denominated securities amounted to P2,071 and P3,743 as ofDecember 31, 2011 and 2010, respectively, in the BDO Unibank Group financial statementsand P1,864 and P3,203 as of December 31, 2011 and 2010, respectively, in the Parent Bankfinancial statements.Derivative instruments used by BDO Unibank Group include foreign currency and interestrate forwards/futures, foreign currency and interest rate swaps. Also in 2007, derivativesincluded embedded credit default swaps bifurcated from CLNs or credit-linked deposits(CLDs) (which were reclassified to Loans and Other Receivables together with their hostcontracts in 2008). Foreign currency and interest rate forwards/futures representcommitments to purchase/sell or are contractual obligations to receive or pay a new amountbased on changes in currency rates or interest rates on a future date at a specified price.Foreign currency and interest rate swaps are commitments to exchange one set of cash flowsfor another. The credit default swaps represent commitment of the counterparty to swap thenote and deposit with high yielding securities upon the occurrence of the reference event bythe reference entity.
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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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