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

- 77 -9.02 AFS SecuritiesAFS securities consist of the following:BDO Unibank Group Parent BankNote 2011 2010 2011 2010Government debtsecurities P 55,267 P 52,580 P 52,583 P 49,958Other debt securities:Quoted 29,508 30,366 28,951 28,364Not quoted 253 243 253 243Equity securities:Quoted 5,555 6,197 1,877 2,960Not quoted 2,292 2,099 925 72692,875 91,485 84,589 82,251Allowance forimpairment 14 ( 2,950) ( 5,811) ( 1,658) ( 4,526 )As to currency, this account is composed of the following:P 89,925 P 85,674 P 82,931 P 77,725BDO Unibank Group Parent Bank2011 2010 2011 2010Foreign currencies P 66,152 P 48,040 P 63,023 P 44,791Peso 23,773 37,634 19,908 32,934P 89,925 P 85,674 P 82,931 P 77,725Government debt securities issued by the ROP and foreign sovereigns and other debtsecurities issued by resident and non-resident corporations earn interest at annual ratesranging from 0% to 13% in 2011, 0% to 12% in 2010, and 0% to 13% in 2009 both inthe BDO Unibank Group and Parent Bank financial statements.As of December 31, 2011 and 2010, other debt securities also include investments inforeign financial institutions under bankruptcy amounting to P1,229 and P4,016,respectively, with allowance for impairment on such investments amounting to P1,229and P4,016, respectively, in the Parent Bank financial statements (see Note 10 for therelated interbank loan receivables from these financial institutions). In 2011, the ParentBank disposed fully impaired debt securities issued by a foreign financial institutionunder bankruptcy amounting to P2,295. The sale resulted to a gain of P640 and ispresented as part of Trading gain – net under Other Operating Income and Expenses(see Note 22). Also, in 2011, collateralized debt obligations amounting to P477, withfull allowance for impairment losses, in the Parent bank financial statements wereredeemed at zero.Unquoted equity securities consist of preferred shares and common shares of variousunlisted local companies.