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

BDO UNIBANK, INC. AND SUBSIDIARIES(Formerly Banco De Oro Unibank, Inc. and Subsidiaries)STATEMENTS OF CASH FLOWSFOR THE YEARS ENDED DECEMBER 31, 2011, 2010 AND 2009(Amounts in Millions of Philippine Pesos)BDO Unibank GroupParent BankNotes 2011 2010 2009 2011 20102009CASH FLOWS FROM OPERATING ACTIVITIESProfit before tax P 12,218 P 10,512 P 7,760 P 10,153 P 9,730 P7,619Adjustments for:Interest received 47,288 49,859 46,791 45,336 46,384 44,476Interest income 20 ( 50,467 ) ( 49,930 ) ( 48,810 ) ( 48,024 ) ( 46,544 ) (45,011 )Interest expense 21 16,688 15,772 18,251 16,039 14,990 17,181Interest paid ( 16,519 ) ( 16,657 ) ( 16,800 ) ( 15,944 ) ( 15,291 ) (16,341 )Impairment losses 14 6,144 6,698 6,153 5,945 6,374 5,775Depreciation and amortization 11, 12, 13 2,850 2,880 2,848 2,503 1,986 1,684Fair value loss (gain) 587 131 ( 1,719 )392 270 (1,663 )Operating profit before changes in operatingresources and liabilities 18,789 19,265 14,474 16,400 17,899 13,720Decrease in financial assets at fair valuethrough profit or loss 1,969 1,126 300 1,578 1,950 563Increase in loans and other receivables ( 113,511 ) ( 57,878 ) ( 52,460 ) ( 115,467 ) ( 66,108 ) (48,417 )Decrease in investment properties 1,498 1,235 973 1,266 992 1,102Decrease (increase) in other resources ( 4,687 )5,721 273 214 ( 31 ) (1,494 )Increase in deposit liabilities 75,929 91,969 59,989 76,094 95,896 59,145Increase (decrease) in other liabilities 5,192 ( 6,157 )4,585 2,233 ( 5,507 )1,459Cash generated from (used in) operations ( 14,821 )55,281 28,134 ( 17,682 )45,091 26,078Cash paid for income tax ( 1,687 ) ( 1,846 ) ( 1,933 ) ( 1,090 ) ( 1,329 ) (1,253 )Net Cash From (Used in) Operating Activities ( 16,508 )53,435 26,201 ( 18,772 )43,762 24,825CASH FLOWS FROM INVESTING ACTIVITIESNet decrease in held-to-maturity investments 9,894 19,717 6,620 10,427 19,074 5,747Net increase in available-for-sale securities ( 545 ) ( 36,329 ) ( 7,204 ) ( 1,385 ) ( 32,603 ) (4,006 )Net acquisitions of premises, furniture,fixtures and equipment 11 ( 2,558 ) ( 2,239 ) ( 2,636 ) ( 2,598 ) ( 2,105 ) (1,623 )Acquisitions of equity investments 13 - ( 1,405 ) ( 2,000 )- ( 1,405 ) (2,000 )Net Cash Used In Investing Activities 6,791 ( 20,256 ) ( 5,220 )6,444 ( 17,039 ) (1,882 )CASH FLOWS FROM FINANCING ACTIVITIESNet proceeds from (payments of) bills payable ( 6,353 )19,993 ( 18,801 ) ( 4,580 )20,564 (20,137 )Proceeds from issuance of senior notes payable - 13,105 - - 13,105 -Proceeds from issuance of common shares 19 - 10,993 1,299 - 10,994 1,299Dividends paid 19 ( 3,025 ) ( 2,447 ) ( 791 ) ( 2,937 ) ( 2,415 ) (729 )Proceeds from issuance of subordinated notes payable 14,905 - 3,000 14,905 - 3,000Net Cash From (Used In) Financing Activities 5,527 41,644 ( 15,293 )7,388 42,248 (16,567 )NET INCREASE (DECREASE) IN CASHAND CASH EQUIVALENTS (Carried Forward) ( P 4,190 ) P 74,823 P 5,688 ( P 4,940 ) P 68,971 P6,376