- 89 -Land Buildings Total<strong>BDO</strong> 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 ) ( <strong>22</strong>4 ) ( 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 <strong>BDO</strong> Unibank Groupaccounts and P15,494 and P16,<strong>22</strong>5, respectively, for the Parent Bank accounts.The <strong>BDO</strong> 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.
- 90 -Real and other properties acquired (ROPA) in settlement of loans through foreclosure ordacion in payment are significantly accounted for as either: financial assets, investmentproperties, non-current assets held for sale or AFS. As of December 31, 2011 and 2010,ROPA, gross of allowance, comprise of the following:<strong>BDO</strong> Unibank GroupParent Bank2011 2010 2011 2010Investment properties P 11,421 P 12,796 P 10,918 P 12,044Non-current assets held for sale 2,612 2,295 2,612 2,295AFS securities 1,584 3,731 1,468 3,731Other resources - others 1<strong>22</strong> 66 - -P 15,739 P 18,888 P 14,998 P 18,07013. OTHER RESOURCESThe components of this account are shown below.<strong>BDO</strong> Unibank GroupParent BankNotes 2011 2010 2011 2010Deferred tax assets - net 27.01 P 5,485 P 5,584 P 5,586 P 5,687Equity investments 13.01 4,746 3,926 19,277 14,548Receivables from specialpurpose vehicles (SPVs) 13.02 3,440 3,440 3,440 3,440Real properties fordevelopment and sale 3,384 3,453 - -Deposits under escrow 13.03 2,931 2,931 2,931 2,931Non-current assetsheld for sale 13.04 2,612 2,328 2,612 2,295Foreign currency notes andcoins on hand 1,989 2,182 1,989 2,182Interoffice float items – net 1,617 716 1,517 1,084Retirement asset 23.02 1,494 998 1,519 1,026Goodwill 13.05, 26 1,247 1,247 1,247 1,247Returned checks andother cash items 348 341 348 341Prepaid documentary stamps 314 210 295 197Dividend receivable 168 96 316 691Computer software – net 13.06 144 367 144 366Advances to subsidiaries 24 - - - 3,183Others 13.06 5,487 4,314 4,502 3,16035,406 32,133 45,723 42,378Allowance for impairment 14 ( 8,971) ( 8,540) ( 11,919) ( 11,512)P 26,435 P 23,593 P 33,804 P 30,866
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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’
- Page 87:
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
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- 34 -3.01 Critical Management Judg
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- 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 and 182: - 84 -Per MORB, non-performing loan
- Page 183 and 184: - 86 -Leasehold Furniture,Rights an
- Page 185: - 88 -Land Buildings TotalJanuary 1
- 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