2011 Annual Report Financial Supplements - BDO

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Per MORB, non-performing loans shall, as a general rule, refer to loan accounts whoseprincipal and/or interest is unpaid for 30 days or more after due date or after they havebecome past due in accordance with existing rules and regulations. This shall apply to loanspayable in lump sum and loans payable in quarterly, semi-annual or annual installments, inwhich case, the total outstanding balance thereof shall be considered non-performing. In thecase of loans payable in monthly installments, the total outstanding balance thereof shall beconsidered nonperforming when three or more installments are in arrears. In the case ofloans payable in daily, weekly or semi-monthly installments, the entire outstanding balance ofthe loan/receivable shall be considered as past due when the total amount of arrearagesreaches 10% of the total loan/receivable balance. Restructured loans shall be considered nonperformingexcept when as of restructuring date, it has an updated principal and interestpayments and it is fully secured by real estate with loan value of up to 60% of the appraisedvalue of real estate security and the insured improvements and such other first classcollaterals.As of December 31, 2010, interbank loans receivables include loans to a foreign financialinstitution under bankruptcy amounting to P19 with related allowance for impairment of P19(see Note 9.02 for the investment in other debt securities in that foreign financial institution).In 2011, the Parent Bank disposed the loan through a sale at a gain of P0.2 and is presented aspart of Trading gain – net in the statement of income.The concentration credit of the total loan portfolio as to industry follows:BDO Unibank Group Parent Bank2011 2010 2011 2010Wholesale and retail trade P 105,905 P 76,592 P 104,115 P 75,211Manufacturing (various industries) 101,468 90,555 97,730 86,861Financial intermediaries 84,668 79,058 86,169 78,142Real estate, renting and otherrelated activities 77,624 55,842 75,364 53,887Other community, social andpersonal activities 58,315 39,474 55,560 39,291Transportation and communication 51,378 36,295 48,203 33,845Agriculture, fishing and forestry 8,037 9,592 7,536 8,254Others 182,751 154,104 181,690 151,462P 670,146 P 541,512 P 656,367 P 526,953The breakdown of total loan portfolio as to secured and unsecured follows:BDO Unibank GroupParent Bank2011 2010 2011 2010Secured:Real estate mortgage P 115,833 P 93,722 P 115,296 P 93,309Chattel mortgage 61,452 42,566 53,100 34,738Other securities 137,259 104,142 131,166 103,961314,544 240,430 299,562 232,008Unsecured 355,602 301,082 356,805 294,945P 670,146 P 541,512 P 656,367 P 526,953www.bdo.com.ph 97
NOTES TOFINANCIAL STATEMENTSDECEMBER 31, 2011, 2010 AND 2009(Amounts in Millions of Philippine Pesos, Except Per Share Data or As Indicated)The breakdown of total loans as to type of interest rate follows:BDO Unibank GroupParent Bank2011 2010 2011 2010Variable interest rates P 483,438 P 364,479 P 469,209 P 355,991Fixed interest rates 186,708 177,033 187,158 170,962P 670,146 P 541,512 P 656,367 P 526,953Loans and other receivables bear annual interest rates of 0% (primarily non-performing loans)to 43.7% (for credit card installment receivables) per annum in 2011, 2010 and 2009 in boththe BDO Unibank Group and Parent Bank financial statements.The BDO Unibank Group’s receivables from customers amounting to P960 and P1,448 as ofDecember 31, 2011 and 2010, respectively, are pledged as collaterals with the BSP to secureborrowings under rediscounting privileges (see Note 16).11. PREMISES, FURNITURE, FIXTURES AND EQUIPMENTThe gross carrying amounts and accumulated depreciation and amortization of premises,furniture, fixtures and equipment at the beginning and end of 2011 and 2010 are shownbelow.BDO Unibank GroupLeasehold Furniture,Rights and Fixtures andLand Buildings Improvements Equipment TotalDecember 31, 2011Cost P 5,130 P 7,701 P 2,858 P 12,750 P 28,439Accumulateddepreciation andamortization - ( 2,498)( 1,635)( 8,616)( 12,749)Net carrying amount P 5,130 P 5,203 P 1,223 P 4,134 P 15,690December 31, 2010Cost P 5,079 P 6,620 P 2,673 P 15,185 P 29,557Accumulateddepreciation andamortization - ( 2,167)( 1,268)( 11,065)( 14,500)Net carrying amount P 5,079 P 4,453 P 1,405 P 4,120 P 15,057January 1, 2010Cost P 4,780 P 5,568 P 2,293 P 16,475 P 29,116Accumulateddepreciation andamortization - ( 1,685) ( 880) ( 11,811) ( 14,376)Allowancefor impairment - - ( 4)( 4)( 8)Net carrying amount P 4,780 P 3,883 P 1,409 P 4,660 P 14,732Parent BankDecember 31, 2011Cost P 5,130 P 7,642 P 2,715 P 11,713 P 27,200Accumulateddepreciation andamortization - ( 2,459)( 1,558)( 8,109)( 12,126)Net carrying amount P 5,130 P 5,183 P 1,157 P 3,604 P 15,074
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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 47 and 48: NOTES TOFINANCIAL STATEMENTSDECEMBE
Page 97: 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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