<strong>Notes</strong> <strong>to</strong> <strong>Financial</strong> <strong>Statements</strong>DECEMBER 31, 2008, 2007 AND 2006(Amounts in Millions Except Per Share Data)The estimated minimum future annual rentals for the next five years follow:Year Group Parent Bank2009 P 1,009 P 1,0032010 1,131 1,1242011 1,250 1,2432012 1,374 1,3672013 1,511 1,50431.3 OthersIn the normal course of the Group’s operations, there are various outstanding commitments and contingent liabilities such as guarantees,commitments <strong>to</strong> extend credit, etc., which are not reflected in the accompanying Group financial statements. The Group recognizes in itsbooks any losses and liabilities incurred in the course of its operations as soon as these become determinable and quantifiable. Managementbelieves that, as of December 31, 2008, no additional material losses or liabilities are required <strong>to</strong> be recognized in the accompanying Groupfinancial statements as a result of the above commitments and transactions.Following is a summary of the Group’s commitments and contingent accounts:GroupParent BankNote 2008 2007 2008 2007Trust department accounts 25 P 338,173 P 274,108 P 311,042 P 255,499Forward exchange sold 91,711 90,875 77,207 82,407Forward exchange bought 67,647 62,964 53,063 54,607Other contingent accounts 78,708 51,015 77,890 47,915Unused commercial lettersof credit (LCs) 17,998 25,254 17,998 25,252Interest rate swap payable 15,838 7,065 4,083 1,671Interest rate swap receivable 14,753 6,207 2,997 869Bills for collection 10,641 9,065 10,641 9,065Spot exchange bought 6,645 3,261 6,241 3,261Late deposits/payments received 5,341 1,942 5,341 1,932Spot exchange sold 3,326 1,865 2,922 1,865Outstanding guarantees issued 724 1,410 724 1,410Export Letters of Credit confirmed 49 75 49 7580Thinking Ahead To Get You Ahead • Annual Report 2008
COMPANY HEADQUARTERSSTOCKHOLDER INQUIRIESBanco De Oro Unibank, Inc.<strong>BDO</strong> Corporate Center7899 Makati Avenue, Makati City, PhilippinesBanco De Oro Unibank, Inc.’s common s<strong>to</strong>ck is listed and traded inthe Philippine S<strong>to</strong>ck Exchange under the symbol “<strong>BDO</strong>”.Inquiries regarding dividend payments, account status, addresschanges, s<strong>to</strong>ck certificates, and other pertinent matters may beaddressed <strong>to</strong> the company’s transfer agent:S<strong>to</strong>ck Transfer Service, Inc.8th Floor, Phinma Plaza, 39 Plaza Drive, Rockwell CenterMakati City, 1200 Philippines.Tel. (+632) 898-7555 Fax (+632) 898-7597INSTITUTIONAL INVESTOR INQUIRIESBanco De Oro Unibank, Inc. welcomes inquiries from analysts,the financial community, and institutional inves<strong>to</strong>rs.Please contact: <strong>BDO</strong> Inves<strong>to</strong>r Relations & Corporate Planning4th Floor, South Tower, <strong>BDO</strong> Corporate Center, 7899 Makati AvenueMakati City, PhilippinesTel. (+632) 840-7000 local 6069 or 4809Email: irandcorplan@bdo.com.phProduction by <strong>BDO</strong> Marketing CommunicationsDesign and Concept by OP Communications, Inc.Printing by Amis Print