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

- 83 -10. LOANS AND OTHER RECEIVABLESThis account consists of the following:BDO Unibank GroupParent BankNotes 2011 2010 2011 2010Receivables from customers:Loans and discounts 24 P 591,323 P 470,461 P 577,544 P 455,902Customers’ liabilitiesunder letters of creditand trust receipts 38,085 34,104 38,085 34,104Bills purchased 10,697 9,356 10,697 9,356Others 30,041 27,591 30,041 27,591670,146 541,512 656,367 526,953Allowance for impairment 14 ( 24,358 ) ( 23,507 ) ( 24,077 ) ( 23,276 )645,788 518,005 632,290 503,677Other receivables:Interbank loans receivables 7,325 26,151 7,325 26,151UDSCL 9.04 8,452 13,386 8,452 12,505Accounts receivable 13, 24 7,628 6,002 6,171 6,861SPURRA 4,989 2,912 - -Sales contract receivables 2,347 2,107 2,259 1,954Others 67 95 - -30,808 50,653 24,207 47,471Allowance for impairment 14 ( 2,669 ) ( 2,637 ) ( 2,640 ) ( 2,530 )28,139 48,016 21,567 44,941P 673,927 P 566,021 P 653,857 P 548,618In 2011, to execute the deed of assignment made on January 13, 2008, the Parent Bankagreed to transfer, cede and convey absolutely to SM Keppel Land, Inc. (SM Keppel)the outstanding advances totaling P364 recognized as part of Accounts receivable underLoans and Other Receivables in exchange for 36,401,500 preferred shares of SMKeppel for a subscription price of P364 (see Note 13.01).Included in the total loan portfolio are non-performing loans, net of accounts in the losscategory and fully provided with allowance (excluded under BSP Circular 351), as follows:BDO Unibank Group Parent Bank2011 2010 2011 2010Non–performing loans P 25,332 P 24,937 P 24,909 P 24,400Loss category loans,fully provided with allowance* ( 11,919) ( 6,087) ( 11,839) ( 5,973 )P 13,413 P 18,850 P 13,070 P 18,427* Loans classified as loss and fully provided with allowance as per latest applicable BSP Resultsof Examination as of December 31, 2011 and 2010. The 2011 loans classified as loss isinclusive of the Receivable from SPV presented under Other Resources in the 2011statement offinancial position.