Via ODiSy March 22, 2012 PHILIPPINE STOCK EXCHANGE ... - BDO

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- 5 -(c) Functional and Presentation CurrencyThese financial statements are presented in Philippine pesos, the BDO UnibankGroup’s functional and presentation currency, and all values represent absoluteamounts, except when otherwise indicated (see also Note 2.25). The financialstatements of the foreign currency deposit units (FCDUs) of BDO UnibankGroup and foreign subsidiaries are translated at the prevailing current exchangerates (for statement of financial position accounts) and average exchange rate duringthe period (for statement of income accounts) for consolidation purposes.Items included in the financial statements of BDO Unibank Group are measuredusing its functional currency. Functional currency is the currency of the primaryeconomic environment in which BDO Unibank Group operates.2.02 Adoption of New and Amended PFRS(a) Effective in 2011 that are Relevant to BDO Unibank GroupIn 2011, BDO Unibank Group adopted the following amendments, interpretationand annual improvements to PFRS that are relevant to the BDO Unibank Groupand effective for financial statements for the annual period beginning on or afterJanuary 1, 2011.PAS 24 (Amendment) : Related Party DisclosuresPhilippine InterpretationInternational FinancialReporting InterpretationsCommittee (IFRIC) 14(Amendment) : Prepayment of a Minimum FundingRequirementIFRIC 19 : Extinguishing Financial Liabilities withEquity InstrumentsVarious Standards : 2010 Annual Improvements to PFRSDiscussed below are the effects in the financial statements of the revised andamendment to the accounting standards and interpretations.(i) PAS 24 (Amendment), Related Party Disclosures (effective from January 1, 2011).The amendment simplifies and clarifies the definition of a related party byeliminating inconsistencies in determining related party relationships. Theamendment also provides partial exemption from the disclosure requirementsfor government-related entities to disclose details of all transactions with thegovernment and other government-related entities. The adoption of thisamendment did not result in any significant changes on BDO Unibank Group’sdisclosures of related parties in its financial statements.
- 6 -(ii) Philippine Interpretation IFRIC 14 (Amendment), Prepayment of a MinimumFunding Requirement (effective from January 1, 2011). This interpretationaddresses unintended consequences that can arise from the previousrequirements when an entity prepays future contributions into a defined benefitpension plan. It sets out guidance on when an entity recognizes an asset inrelation to a surplus for defined benefit plans based on PAS 19, Employee Benefits,that are subject to a minimum funding requirement. The BDO Unibank Groupis not subject to minimum funding requirement, hence, the adoption of therevised standard has no material effect on its financial statements.(iii) Philippine Interpretation IFRIC 19, Extinguishing Financial Liabilities with EquityInstruments (effective from July 1, 2010). This interpretation clarifies theaccounting when an entity renegotiates the terms of a financial liability throughissuance of equity instruments to extinguish all or part of the financial liability.These transactions are sometimes referred to as “debt for equity” exchanges orswaps. The interpretation requires the debtor to account for a financial liabilitywhich is extinguished by equity instruments as follows:• the issue of equity instruments to a creditor to extinguish all or part of afinancial liability is consideration paid in accordance with PAS 39, FinancialInstruments: Recognition and Measurement;• the entity measures the equity instruments issued at fair value, unless thiscannot be reliably measured;• if the fair value of the equity instruments cannot be reliably measured,then the fair value of the financial liability extinguished is used; and,• the difference between the carrying amount of the financial liabilityextinguished and the consideration paid is recognized in profit or loss.The adoption of the interpretation did not have a material effect on BDOUnibank Group’s financial statements as it did not extinguish financial liabilitiesthrough equity swap during the year.(iv) 2010 Annual Improvements to PFRS. The FRSC has adopted the 2010Improvements to PFRS. Most of these amendments became effective for annualperiods beginning on or after July 1, 2010 or January 1, 2011. Among thoseimprovements, only the following amendments which are effective fromJuly 1, 2010 were identified to be relevant to BDO Unibank Group’s financialstatements but which did not have any material impact on its financial statements:• PAS 1 (Amendment), Presentation of Financial Statements: Clarification ofStatement of Changes in Equity (effective from July 1, 2010). The amendmentclarifies that, for each component of equity, an entity may present ananalysis of other comprehensive income either in the statement of changesin equity or in the notes to the financial statements. As the BDO UnibankGroup’s other comprehensive income only includes fair value changes onAvailable-for-sale (AFS) securities, revaluation of certain items of bankpremises, furniture, fixtures and equipment, and cumulative translationadjustment, the BDO Unibank Group has elected to continue presentingeach item of other comprehensive income in the statement of changes inequity.
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Via ODiSyMarch 22, 2012PHILIPPINE S
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SEC FORM 17-A
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TABLE OF CONTENTSPage No.PART I- BU
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Philippine Subsidiaries% Interest H
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sophisticated investors. The Bank
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(v)Transactions with and/or Depende
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BDO BANK-OWNED PROPERTIES UTILIZED
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BDO BANK-OWNED PROPERTIES UTILIZED
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2) Leased PropertiesThe Group lease
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Branch Address Lease Lease ExpiryEf
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Item 4. Submission of Matters to a
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On 29 January 2011, the Board of th
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Total Equity grew by 9% to P97.0 bi
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Balance Sheet - 2010 vs. 2009Total
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Comprehensive Income - For the year
Page 52 and 53: Item 7. Financial StatementsThe con
Page 54 and 55: UOB Singapore. He was formerly the
Page 56 and 57: Director of the Philippine Global C
Page 58 and 59: Name Age PositionInvestments GroupG
Page 60 and 61: Antonio N. Cotoco, 63, is Senior Ex
Page 62 and 63: Bienvenido M. Juat, Jr., 58, is Exe
Page 64 and 65: Ma. Ophelia Ll. Camiña, 58, is Sen
Page 66 and 67: Corporation; a Trustee of PCI Bank
Page 68 and 69: Dalmacio D. Martin, 50, is Senior V
Page 70 and 71: Luis S. Reyes, Jr., 54, is Senior V
Page 72 and 73: Equitable Banking Corporation in Ju
Page 74 and 75: The above compensation includes the
Page 76 and 77: Title ofClassName of BeneficialOwne
Page 78 and 79: esponsible for the setting up of th
Page 80 and 81: 2 May 2011 Retirement of Ms. Nenita
Page 82: Setting the annual shareholders’
Page 87: AUDITED FINANCIAL STATEMENTSDECEMBE
Page 93 and 94: BDO UNIBANK, INC. AND SUBSIDIARIES(
Page 95 and 96: - 2 -Net UnrealizedFair ValueGains
Page 97 and 98: - 2 -BDO Unibank GroupParent BankNo
Page 99 and 100: 1.02 Approval of Financial Statemen
Page 101: - 4 -Parent BankFRSP Difference PFR
Page 105 and 106: - 8 -• PFRS 7 (Amendment), Financ
Page 107 and 108: - 10 -(v) PFRS 9, Financial Instrum
Page 109 and 110: - 12 -The financial statements of s
Page 111 and 112: - 14 -2.06 Financial AssetsFinancia
Page 113 and 114: - 16 -HTM investments consist of go
Page 115 and 116: - 18 -The value produced by a model
Page 117 and 118: - 20 -2.12 Premises, Furniture, Fix
Page 119 and 120: - 22 -Deposit liabilities and other
Page 121 and 122: - 24 -2.20 Revenue and Expense Reco
Page 123 and 124: - 26 -Provisions are measured at th
Page 125 and 126: - 28 -Future cash flows in a group
Page 127 and 128: - 30 -Foreign exchange gains and lo
Page 129 and 130: - 32 -(e)Executive Stock Option Pla
Page 131 and 132: - 34 -3.01 Critical Management Judg
Page 133 and 134: - 36 -3.02 Key Sources of Estimatio
Page 135 and 136: - 38 -(iv) Loans and Other Receivab
Page 137 and 138: - 40 -Parent BankNotes Level 1 Leve
Page 139 and 140: - 42 -The retirement benefit asset
Page 141 and 142: - 44 -• It then disseminates the
Page 143 and 144: - 46 -2010MoreOne to than three Mor
Page 145 and 146: - 48 -2010MoreOne to than three Mor
Page 147 and 148: - 50 -Parent Bank2011 2010ForeignFo
Page 149 and 150: - 52 -BDO Unibank Group2010More Mor
Page 151 and 152: - 54 -Parent Bank2010More MoreOne t
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- 56 -A summary of the VaR position
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- 58 -Parent BankImpact onImpact on
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- 60 -b. SubstandardAccounts classi
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- 62 -BDO Unibank Group2010Loans an
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- 64 -Parent Bank2010Loans andTradi
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- 66 -4.02.04.03 Concentrations of
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- 68 -5. SEGMENT REPORTINGThe BDO U
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- 70 -Commercial Investment Private
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- 72 -At Amortized Carrying FairCos
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- 74 -8. DUE FROM OTHER BANKSThe ba
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- 76 -The aggregate contractual or
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- 78 -The fair values of government
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- 80 -The fair values are determine
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- 82 -Reclassification of CLNs from
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- 84 -Per MORB, non-performing loan
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- 86 -Leasehold Furniture,Rights an
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- 88 -Land Buildings TotalJanuary 1
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- 90 -Real and other properties acq
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- 92 -The BDO Unibank Group’s sub
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- 94 -Full allowance for impairment
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- 96 -This account is composed of t
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- 98 -The breakdown of this account
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- 100 -On October 19, 2009, the pre
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- 102 -On December 29, 2009, BSP is
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- 104 -19.02 Capital AllocationThe
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- 106 -annum of the par value. Subs
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- 108 -20. INTEREST INCOMEInterest
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- 110 -Other operating expenses con
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- 112 -The movements in the present
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- 114 -Parent Bank2011 2010 2009 20
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- 116 -(c) Other Transactions with
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- 118 -ii. On January 31, 2008, BDO
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- 120 -27. TAXES27.01 Current and D
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- 122 -Movements in net deferred ta
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- 124 -27.04 Gross Receipts Tax (GR
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- 126 -28. EARNINGS PER SHAREBasic
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- 128 -29. SELECTED FINANCIAL PERFO
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- 130 -Sale of BankardBDO (as succe
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- 132 -PEACe bondsOn October 18, 20
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- 134 -Following is a summary of BD
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Via ODiSy March 22, 2012 PHILIPPINE STOCK EXCHANGE ... - BDO

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