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

- 114 -Parent Bank2011 2010 2009 2008Present value of the obligation P 11,422 P 9,658 P 7,913 P 6,684Fair value of the plan assets 8,689 7,106 4,114 3,277Deficit in the plan P 2,733 P 2,552 P 3,799 P 3,407Experience adjustmentsarising on plan liabilities P 337 P 351 P 930 P 919Experience adjustmentsarising on plan assets P 67 P 813 P 137 (P 170 )The BDO Unibank Group expect to pay P81 as contributions to retirement benefitplans in 2012.In determining the amounts of retirement benefits, the following actuarial assumptionswere used:BDO Unibank Group Parent Bank2011 2010 2011 2010Discount rates 6.33% 8.25% 6.33% 8.3%Expected rate of returnon plan assets 5.0% 5.0% 5.0% 5.0%Expected rate of salary increases 10.0% 10.0% 10.0% 10.0%Assumptions regarding future mortality experience are based on published statistics andmortality tables. The average remaining working lives of an individual retiring at the ageof 60 is 27.The overall expected long-term rate of return on assets is 5%. The expected long-termrate of return is based on the portfolio as a whole and not on the sum of the returns onindividual asset categories. The return is based exclusively on historical returns, withoutadjustments.