- 85 -The breakdown of total loans as to type of interest rate follows:<strong>BDO</strong> Unibank GroupParent Bank2011 2010 2011 2010Variable interest rates P 483,438 P 364,479 P 469,209 P 355,991Fixed interest rates 186,708 177,033 187,158 170,962P 670,146 P 541,512 P 656,367 P 526,953Loans and other receivables bear annual interest rates of 0% (primarily non-performingloans) to 43.7% (for credit card installment receivables) per annum in 2011, 2010 and2009 in both the <strong>BDO</strong> Unibank Group and Parent Bank financial statements.The <strong>BDO</strong> Unibank Group’s receivables from customers amounting to P960 and P1,448as of December 31, 2011 and 2010, respectively, are pledged as collaterals with the BSPto secure borrowings under rediscounting privileges (see Note 16).11. PREMISES, FURNITURE, FIXTURES AND EQUIPMENTThe gross carrying amounts and accumulated depreciation and amortization ofpremises, furniture, fixtures and equipment at the beginning and end of 2011 and 2010are shown below.<strong>BDO</strong> Unibank GroupLeasehold Furniture,Rights and Fixtures andLand Buildings Improvements Equipment TotalDecember 31, 2011Cost P 5,130 P 7,701 P 2,858 P 12,750 P 28,439Accumulateddepreciation andamortization - ( 2,498) ( 1,635 ) ( 8,616 ) ( 12,749)Net carrying amount P 5,130 P 5,203 P 1,<strong>22</strong>3 P 4,134 P 15,690December 31, 2010Cost P 5,079 P 6,620 P 2,673 P 15,185 P 29,557Accumulateddepreciation andamortization - ( 2,167) ( 1,268 ) ( 11,065 ) ( 14,500 )Net carrying amount P 5,079 P 4,453 P 1,405 P 4,120 P 15,057January 1, 2010Cost P 4,780 P 5,568 P 2,293 P 16,475 P 29,116Accumulateddepreciation andamortization - ( 1,685 ) ( 880 ) ( 11,811 ) ( 14,376 )Allowancefor impairment - - ( 4 ) ( 4 ) ( 8 )Net carrying amount P 4,780 P 3,883 P 1,409 P 4,660 P 14,732Parent BankDecember 31, 2011Cost P 5,130 P 7,642 P 2,715 P 11,713 P 27,200Accumulateddepreciation andamortization - ( 2,459) ( 1,558 ) ( 8,109 ) ( 12,126 )Net carrying amount P 5,130 P 5,183 P 1,157 P 3,604 P 15,074
- 86 -Leasehold Furniture,Rights and Fixtures andLand Buildings Improvements Equipment TotalDecember 31, 2010Cost P 5,079 P 6,561 P 2,611 P 12,170 P 26,421Accumulateddepreciation andamortization - ( 2,131) ( 1,255 ) ( 8,920 ) ( 12,306 )Net carrying amount P 5,079 P 4,430 P 1,356 P 3,250 P 14,115January 1, 2010Cost P 4,780 P 5,509 P 2,125 P 13,487 P 25,901Accumulateddepreciation andamortization - ( 1,651 ) ( 803 ) ( 10,389 ) ( 12,843 )Net carrying amount P 4,780 P 3,858 P 1,3<strong>22</strong> P 3,098 P 13,058A reconciliation of the carrying amounts, at the beginning and end of 2011 and 2010, ofpremises, furniture, fixtures and equipment is shown below.<strong>BDO</strong> Unibank GroupLeasehold Furniture,Rights and Fixtures andLand Buildings Improvements Equipment TotalBalance at January 1, 2011,net of accumulateddepreciation andamortization P 5,079 P 4,453 P 1,405 P 4,120 P 15,057Additions 76 994 247 1,772 3,089Disposals ( 79 ) ( 3 ) - ( 449 ) ( 531 )Reclassifications 54 67 ( 1) - 120Depreciation and amortizationcharges for the year - ( 308 ) ( 428 ) ( 1,309 ) ( 2,045 )Balance at December 31,2011, net of accumulateddepreciation andamortization P 5,130 P 5,203 P 1,<strong>22</strong>3 P 4,134 P 15,690Balance at January 1, 2010,net of accumulateddepreciation andamortization P 4,780 P 3,883 P 1,409 P 4,660 P 14,732Additions 89 564 474 1,334 2,461Disposals ( 15 ) ( 15 ) ( 37 ) ( 155 ) ( <strong>22</strong>2 )Reclassifications <strong>22</strong>5 253 5 - 483Depreciation and amortizationcharges for the year - ( 232 ) ( 446 ) ( 1,719 ) ( 2,397 )Balance at December 31,2010, net of accumulateddepreciation andamortization P 5,079 P 4,453 P 1,405 P 4,120 P 15,057Parent BankBalance at January 1, 2011,net of accumulateddepreciation andamortization P 5,079 P 4,430 P 1,356 P 3,250 P 14,115Additions 76 994 205 1,474 2,749Disposals ( 79 ) ( 3 ) - ( 69 ) ( 151 )Reclassifications 54 67 ( 1 ) - 120Depreciation and amortizationcharges for the year - ( 305 ) ( 403 ) ( 1,051 ) ( 1,759 )Balance at December 31,2011, net of accumulateddepreciation andamortization P 5,130 P 5,183 P 1,157 P 3,604 P 15,074
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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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Branch Address Lease Lease ExpiryEf
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Branch Address Lease Lease ExpiryEf
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Branch Address Lease Lease ExpiryEf
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Branch Address Lease Lease ExpiryEf
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Branch Address Lease Lease ExpiryEf
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Branch Address Lease Lease ExpiryEf
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Branch Address Lease Lease ExpiryEf
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Branch Address Lease Lease ExpiryEf
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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
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esponsible for the setting up of th
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2 May 2011 Retirement of Ms. Nenita
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Setting the annual shareholders’
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AUDITED FINANCIAL STATEMENTSDECEMBE
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BDO UNIBANK, INC. AND SUBSIDIARIES(
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- 2 -Net UnrealizedFair ValueGains
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- 2 -BDO Unibank GroupParent BankNo
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1.02 Approval of Financial Statemen
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- 4 -Parent BankFRSP Difference PFR
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- 6 -(ii) Philippine Interpretation
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- 8 -• PFRS 7 (Amendment), Financ
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- 10 -(v) PFRS 9, Financial Instrum
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- 12 -The financial statements of s
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- 14 -2.06 Financial AssetsFinancia
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- 16 -HTM investments consist of go
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- 18 -The value produced by a model
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- 20 -2.12 Premises, Furniture, Fix
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- 22 -Deposit liabilities and other
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- 24 -2.20 Revenue and Expense Reco
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- 26 -Provisions are measured at th
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- 28 -Future cash flows in a group
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- 30 -Foreign exchange gains and lo
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- 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
- 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
- Page 179 and 180: - 82 -Reclassification of CLNs from
- Page 181: - 84 -Per MORB, non-performing loan
- Page 185 and 186: - 88 -Land Buildings TotalJanuary 1
- Page 187 and 188: - 90 -Real and other properties acq
- Page 189 and 190: - 92 -The BDO Unibank Group’s sub
- Page 191 and 192: - 94 -Full allowance for impairment
- Page 193 and 194: - 96 -This account is composed of t
- Page 195 and 196: - 98 -The breakdown of this account
- Page 197 and 198: - 100 -On October 19, 2009, the pre
- Page 199 and 200: - 102 -On December 29, 2009, BSP is
- Page 201 and 202: - 104 -19.02 Capital AllocationThe
- Page 203 and 204: - 106 -annum of the par value. Subs
- Page 205 and 206: - 108 -20. INTEREST INCOMEInterest
- Page 207 and 208: - 110 -Other operating expenses con
- Page 209 and 210: - 112 -The movements in the present
- Page 211 and 212: - 114 -Parent Bank2011 2010 2009 20
- Page 213 and 214: - 116 -(c) Other Transactions with
- Page 215 and 216: - 118 -ii. On January 31, 2008, BDO
- Page 217 and 218: - 120 -27. TAXES27.01 Current and D
- Page 219 and 220: - 122 -Movements in net deferred ta
- Page 221 and 222: - 124 -27.04 Gross Receipts Tax (GR
- Page 223 and 224: - 126 -28. EARNINGS PER SHAREBasic
- Page 225 and 226: - 128 -29. SELECTED FINANCIAL PERFO
- Page 227 and 228: - 130 -Sale of BankardBDO (as succe
- Page 229 and 230: - 132 -PEACe bondsOn October 18, 20
- Page 231: - 134 -Following is a summary of BD