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

Balance Sheet – 2010 vs. 2009Total Resources expanded by 16% reaching P1.0 trillion primarily owing to growth in customerloans and liquid assets.Cash and Other Cash Items contracted by 13% to P26.7 billion as the Bank maximized earningson reserve assets. Due from BSP surged 114% to P138.5 billion on account of a larger depositbase as well as deployment of excess funds. Due from Other Banks increased by 30% to P21.8billion from higher levels of placements and working balances with foreign banks.Investment Securities went up 15% to P197.3 billion as Available-for-Sale Securities expanded by82% to P85.7 billion. On the other hand, Financial Assets at Fair Value through Profit or Loss aswell as Held-to-Maturity Securities went down 13% and 10% to P7.4 billion and P104.2 billion,respectively.Net Loans and Other Receivables rose 8% to P566.0 billion owing to a 15% expansion in grosscustomer receivables from sustained demand for corporate and consumer loans. Conversely,Interbank loans, Securities Purchased Under Reverse Repurchase Agreements (SPURRA),Unquoted Debt Securities Classified as Loans (UDSCL) and other receivables dropped 18%, 74%,34% and 29%, respectively, to provide additional funding for the expansion in customer loans.Equity Investments climbed P1.7 billion due to investment banking underwriting activities as well asadditional investments in insurance business.Investment Properties dropped 13% to P12.0 billion attributed mainly to the effective ROPAdisposal programs undertaken by the Bank.Other Resources went down 16% to P14.6 billion due to subsequent disposition of miscellaneousassets and float items.Total Deposits expanded by 13% to P782.6 billion on account of aggressive marketing efforts fordeposits partly through extended banking hours. Demand and Savings Deposits grew by 6% and20% to P45.4 billion and P426.0 billion, respectively, while Time Deposits likewise went up by 5%to P311.2 billion.Bills Payable grew 110% to P65.9 billion due to the US$300 million Senior Notes issuance as wellas higher level of borrowings from foreign banks.Other Liabilities declined by 10% to P40.5 billion primarily owing to reduced levels of accountspayable and domestic bills purchased.Total Equity expanded by 31% to P88.7 billion from profitable operations and an P11.1 billioncommon share issuance in April 2010.SEC FORM 17-A 42