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

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- 31 -The asset recognized in the statement of financial position for defined benefitpost-employment plans is the fair value of plan assets at the end of reportingperiod less the present value of the defined benefit obligation (DBO), togetherwith adjustments for unrecognized actuarial gains or losses and past service costs.The DBO is calculated by independent actuaries using the projected unit creditmethod. The present value of the DBO is determined by discounting theestimated future cash outflows using interest rates of high quality corporate bondsthat are denominated in the currency in which the benefits will be paid and thathave terms to maturity approximating to the terms of the related post-employmentliability.Actuarial gains and losses are not recognized as an expense unless the totalunrecognized gain or loss exceeds 10% of the greater of the obligation and relatedplan assets. The amount exceeding this 10% corridor is charged or credited toprofit or loss over the employees’ expected average remaining working lives.Actuarial gains and losses within the 10% corridor are disclosed separately. Pastservice costs are recognized immediately in profit or loss, unless the changes to thepost-employment plan are conditional on the employees remaining in service for aspecified period of time (the vesting period). In this case, the past service costs areamortized on a straight-line basis over the vesting period.(b) Defined Contribution PlanA defined contribution plan is a post-employment plan under which BDOUnibank Group pays fixed contributions into an independent entity, such as theSocial Security System (SSS). BDO Unibank Group has no legal or constructiveobligations to pay further contributions after payment of the fixed contribution.The contributions recognized in respect of defined contribution plans areexpensed as they fall due. Liabilities and assets may be recognized ifunderpayment or prepayment has occurred.(c)Termination BenefitsTermination benefits are payable when employment is terminated by BDOUnibank Group before the normal retirement date, or whenever an employeeaccepts voluntary redundancy in exchange for these benefits. BDO UnibankGroup recognizes termination benefits when it is demonstrably committed toeither: (i) terminating the employment of current employees according to a detailedformal plan without possibility of withdrawal; or, (ii) providing terminationbenefits as a result of an offer made to encourage voluntary redundancy. Benefitsfalling due more than 12 months after the end of reporting period are discountedto present value.(d) Bonus PlansBDO Unibank Group recognizes a liability and an expense for bonuses based onthe Group’s bonus policy. BDO Unibank Group recognizes a provision where itis contractually obliged to pay the benefits.
- 32 -(e)Executive Stock Option PlanBDO Unibank Group grants stock option plan to its senior officers (fromvice-president up) for their contribution to BDO Unibank Group’s performanceand attainment of team goals. The amount of stock option allocated to thequalified officers is based on the performance of the individual officers asdetermined by the management and is determined based on BDO UnibankGroup’s performance in the preceding year and amortized over five years startingfrom the date of the approval of the BOD. The number of officers qualified at thegrant date is regularly evaluated during the vesting period (at least annually) and theamount of stock option is decreased in case there are changes in the number ofqualified employees arising from resignation or disqualification. The annualamortization of stock option is included as part of Employee Benefits in profit orloss and the cumulative balance is shown as Common Stock Options in thestatement of changes in equity (nil in 2011 and 2010).(f)Compensated AbsencesCompensated absences are recognized for the number of paid leave days(including holiday entitlement) remaining at the end of reporting period. These areincluded in Other Liabilities account at the undiscounted amount that BDOUnibank Group expects to pay as a result of the unused entitlement.2.27 Income TaxesTax expense recognized in profit or loss comprise the sum of deferred tax and currenttax not recognized in other comprehensive income or directly in equity, if any.Current tax assets or liabilities comprise those claims from, or obligations to, fiscalauthorities relating to the current or prior reporting period, that are uncollected orunpaid at the end of the reporting period. They are calculated according to the tax ratesand tax laws applicable to the fiscal periods to which they relate, based on the taxableprofit for the period. All changes to current tax assets or liabilities are recognized as acomponent of tax expense in profit or loss.Deferred tax is provided, using the liability method, on temporary differences at the endof the reporting period between the tax base of assets and liabilities and their carryingamounts for financial reporting purposes. Under the liability method, with certainexceptions, deferred tax liabilities are recognized for all taxable temporary differencesand deferred tax assets are recognized for all deductible temporary differences and thecarryforward of unused tax losses and unused tax credits to the extent that it is probablethat taxable profit will be available against which the deferred tax asset can be utilized.The carrying amount of deferred tax assets is reviewed at the end of each reportingperiod and reduced to the extent that it is probable that sufficient taxable profit will beavailable to allow all or part of the deferred tax asset to be utilized.Deferred tax assets and liabilities are measured at the tax rates that are expected to applyto the period when the asset is realized or the liability is settled, based on tax rates andtax laws that have been enacted or substantively enacted at the end of each reportingperiod.
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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
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Item 7. Financial StatementsThe con
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UOB Singapore. He was formerly the
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Director of the Philippine Global C
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Name Age PositionInvestments GroupG
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Antonio N. Cotoco, 63, is Senior Ex
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Bienvenido M. Juat, Jr., 58, is Exe
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Ma. Ophelia Ll. Camiña, 58, is Sen
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Corporation; a Trustee of PCI Bank
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Dalmacio D. Martin, 50, is Senior V
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Luis S. Reyes, Jr., 54, is Senior V
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Equitable Banking Corporation in Ju
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The above compensation includes the
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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 and 102: - 4 -Parent BankFRSP Difference PFR
Page 103 and 104: - 6 -(ii) Philippine Interpretation
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: - 30 -Foreign exchange gains and lo
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
Page 153 and 154: - 56 -A summary of the VaR position
Page 155 and 156: - 58 -Parent BankImpact onImpact on
Page 157 and 158: - 60 -b. SubstandardAccounts classi
Page 159 and 160: - 62 -BDO Unibank Group2010Loans an
Page 161 and 162: - 64 -Parent Bank2010Loans andTradi
Page 163 and 164: - 66 -4.02.04.03 Concentrations of
Page 165 and 166: - 68 -5. SEGMENT REPORTINGThe BDO U
Page 167 and 168: - 70 -Commercial Investment Private
Page 169 and 170: - 72 -At Amortized Carrying FairCos
Page 171 and 172: - 74 -8. DUE FROM OTHER BANKSThe ba
Page 173 and 174: - 76 -The aggregate contractual or
Page 175 and 176: - 78 -The fair values of government
Page 177 and 178: - 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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