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

- 89 -Land Buildings TotalBDO Unibank GroupBalance at January 1, 2010,net of accumulateddepreciation and impairment P 10,872 P 2,962 P 13,834Additions 165 162 327Disposals ( 1,385 ) ( 177 ) ( 1,562 )Reclassifications 25 ( 186 ) ( 161 )Depreciation for the year - ( 302 ) ( 302 )Impairment ( 100 ) ( 57 ) ( 157 )Balance at December 31, 2010,net of accumulateddepreciation and impairment P 9,577 P 2,402 P 11,979Parent BankBalance at January 1, 2011,net of accumulateddepreciation and impairment P 8,847 P 2,305 P 11,152Additions 104 62 166Disposals ( 1,208 ) ( 224 ) ( 1,432 )Reclassification ( 35 ) 250 215Impairment ( 157 ) - ( 157 )Depreciation for the year - ( 373 ) ( 373 )Balance at December 31, 2011,net of accumulateddepreciation and impairment P 7,551 P 2,020 P 9,571Balance at January 1, 2010,net of accumulateddepreciation and impairment P 10,079 P 2,726 P 12,805Additions 145 148 293Disposals ( 1,346 ) ( 100 ) ( 1,446 )Reclassification 54 ( 186 ) ( 132 )Impairment ( 85 ) - ( 85 )Depreciation for the year - ( 283 ) ( 283 )Balance at December 31, 2010,net of accumulateddepreciation and impairment P 8,847 P 2,305 P 11,152The fair value of investment properties as of December 31, 2011 and 2010, determinedbased on the present value of the estimated future cash flows discounted at the currentmarket rate, amounted to P16,414 and P17,393, respectively, for BDO Unibank Groupaccounts and P15,494 and P16,225, respectively, for the Parent Bank accounts.The BDO Unibank Group has no contractual obligations to purchase, construct ordevelop investment properties, or to repair, maintain or enhance the same nor are thereany restrictions on the future use or realizability of the investment properties.