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

- 2 -Net UnrealizedFair ValueGains (Losses) onAccumulatedCommon Stock Additional Available-for-sale Revaluation TranslationNote Common Stock Preferred Stock Options Paid-in Capital Surplus Reserves Surplus Free Securities Increment Adjustment Total EquityBALANCE AT JANUARY 1, 2011 P 26,074 P 5,000 P - P 25,156 P 1,189 P 21,098 P 3,187 P 1,162 ( P 317 ) P 82,549Parent BankTransactions with ownersCash dividends 19 - - - - - ( 2,937 ) - - - (2,937 )Total comprehensive income - - - - - 8,954 978 - - 9,932Transfer to (from) Surplus FreeTrust reserve - - - - 106 ( 106 ) - - - -Revaluation reversal, inclusive of tax component - - - - - 86 - ( 47 ) - 39- - - - 106 ( 20 ) - ( 47 ) - 39BALANCE AT DECEMBER 31, 2011 P 26,074 P 5,000 P - P 25,156 P 1,295 P 27,095 P 4,165 P 1,115 ( P 317 ) P 89,583BALANCE AT JANUARY 1, 2010 P 23,397 P 5,000 P 7 P 16,839 P 1,100 P 15,169 ( P 116 ) P 1,176 P - P 62,572Transactions with ownersIssuance of additional shares 19 2,677 - - - - - - - - 2,677Premium on issuance of shares, net of listing fees 19 - - - 8,317 - - - - - 8,317Cash dividends 19 - - - - - ( 2,415 ) - - - (2,415 )Contribution to stock options, net of recognition - - ( 7 ) - - - - - - (7 )Total transactions with owners 2,677 - ( 7 )8,317 - ( 2,415 ) - - - 8,572Total comprehensive income - - - - - 8,433 3,303 - ( 317 )11,419Transfer to (from) Surplus FreeTrust reserve - - - - 89 ( 89 ) - - - -Revaluation reversal, inclusive of tax component - - - - - - - ( 14 ) - (14 )- - - - 89 ( 89 ) - ( 14 ) - (14 )BALANCE AT DECEMBER 31, 2010 P 26,074 P 5,000 P - P 25,156 P 1,189 P 21,098 P 3,187 P 1,162 ( P 317 ) P 82,549BALANCE AT JANUARY 1, 2009 P 23,020 P 5,000 P 76 P 15,918 P 1,025 P 9,439 ( P 2,520 ) P 1,302 P - P 53,260Transactions with ownersIssuance of additional shares 19 377 - - - - - - - - 377Premium on issuance of shares, net of listing fees 19 - - - 921 - - - - - 921Cash dividends 19 - - - - - ( 729 ) - - - (729 )Contribution to stock options, net of recognition - - ( 69 ) - - - - - - (69 )Total transactions with owners 377 - ( 69 )921 - ( 729 ) - - - 500Total comprehensive income - - - - - 6,356 2,404 - - 8,760Transfer to (from) Surplus FreeTrust reserve - - - - 75 ( 75 ) - - - -Revaluation reversal, inclusive of tax component - - - - - 178 - ( 126 ) - 52- - - - 75 103 - ( 126 ) - 52BALANCE AT DECEMBER 31, 2009 P 23,397 P 5,000 P 7 P 16,839 P 1,100 P 15,169 ( P 116 ) P 1,176 P - P 62,572See Notes to Financial Statements.