2011 Annual Report - BDO

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STATEMENTS OFINCOMEFOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010(Amounts in Philippine Pesos)Notes 20112010INTEREST INCOME ONHeld-to-maturity investmentsFinancial assets at fair value through profit or lossLoans and receivablesAvailable-for-sale securitiesDue from other banksINTEREST EXPENSE ONDeposit liabilitiesBills payable758641112P 437,896,081 P 523,367,851249,711,258210,359,586144,579,938351,403,815143,282,461133,410,62883,653,36548,484,2421,059,123,103 1,267,026,122377,454,908417,398,8738,997,44163,570,298386,452,349 480,969,171NET INTEREST INCOME672,670,754786,056,951IMPAIRMENT LOSSES6, 7, 81,310,65357,882,521NET INTEREST INCOME AFTER IMPAIRMENT LOSSES671,360,101728,174,430OTHER INCOMEService charges, fees and commissionsTrading and securities gain - netForeign exchange gain - netOthers165, 6, 7, 136, 13296,063,176236,752,356110,536,6186,216,030159,395,494308,481,297145,818,74624,079,369649,568,180 637,774,906OTHER EXPENSESEmployee benefitsTaxes and licensesManagement and professional feesRepresentation and entertainmentOccupancyInsuranceSupervisionTravelThird party informationDepreciation and amortizationOthers1925179, 1018231,641,01069,753,60559,875,35656,671,96538,782,54836,667,37335,445,75624,547,24622,903,67622,112,70971,390,591207,286,49789,637,22548,641,82156,271,78334,358,51834,639,73724,425,22219,328,45624,051,89024,623,93670,005,657669,791,835 633,270,742PROFIT BEFORE TAX651,136,446732,678,594TAX EXPENSE21105,303,68584,294,281NET PROFITP 545,832,761P 648,384,313See Notes to Financial Statements.www.bdo.com.ph 29
STATEMENTS OFCOMPREHENSIVE INCOMEFOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010(Amounts in Philippine Pesos)Notes 20112010NET PROFITP 545,832,761 P 648,384,313OTHER COMPREHENSIVE INCOME (LOSS)Unrealized fair value losses on available-for-sale (AFS)securities6( 28,930,920)( 24,581,603 )Transfer of realized fair value losses on AFS securities tostatements of income6, 856,157,68522,628,38027,226,765 ( 1,953,223 )TOTAL COMPREHENSIVE INCOMEP 573,059,526 P 646,431,090See Notes to Financial Statements.
Page 2 and 3: TABLE OFCONTENTS246Corporate Missio
Page 4 and 5: OUR COMMITMENTOur commitment to pro
Page 6: We remain steadfast in our vision a
Page 10 and 11: The Storywww.bdo.com.ph 9
Page 12 and 13: • Execution. If you are more of a
Page 14 and 15: ELIZABETH T. SY,Director59 years ol
Page 16: ADVISERSHarley T. Sy Ian T. Fish Ra
Page 19 and 20: CORPORATEGOVERNANCEBDO Private Bank
Page 21 and 22: CORPORATEGOVERNANCEChairman: Nestor
Page 24 and 25: Awardswww.bdo.com.ph 23
Page 26 and 27: Best Private Bankin the Philippines
Page 28 and 29: REPORT OFINDEPENDENT AUDITORSTHE BO
Page 32 and 33: STATEMENTS OFCHANGES IN EQUITYFOR T
Page 34 and 35: www.bdo.com.ph 33
Page 36 and 37: 2.01 Basis of Preparation of Financ
Page 38 and 39: 2010Notes FRSP Difference PFRSChang
Page 40 and 41: Bank is not subject to minimum fund
Page 42 and 43: losses on AFS, can be reclassified
Page 44 and 45: i. only in rare circumstances and i
Page 46 and 47: together with the host contract wit
Page 48 and 49: If there is objective evidence that
Page 50 and 51: Bills payable are recognized initia
Page 52 and 53: In considering each possible relate
Page 54 and 55: translated into the Bank’s presen
Page 56 and 57: Deferred tax is provided, using the
Page 58 and 59: • The Risk Management Unit is res
Page 60 and 61: 2.15.02.01 Foreign Exchange RiskThe
Page 62 and 63: The following table shows the amoun
Page 64 and 65: 2011More MoreOne to than three than
Page 66 and 67: 2010More MoreOne to than three than
Page 68 and 69: The following table sets out the cr
Page 70 and 71: December 31, 2010Loans - Trading an
Page 72 and 73: The Bank’s lead regulator, the BS
Page 74 and 75: 3. CRITICAL ACCOUNTING ESTIMATES AN
Page 76 and 77: Details of impairment losses (recov
Page 78 and 79: payable) with repricing frequencies
Page 80 and 81:
and any resulting impairment loss c
Page 82 and 83:
from 0.0% to 9.13% per annum in 201
Page 84 and 85:
6.01 Collateralized Debt Obligation
Page 86 and 87:
P9,483,508 in 2011 and 2010, respec
Page 88 and 89:
this transaction amounted to P84,58
Page 90 and 91:
In 2010, the Bank has assessed two
Page 92 and 93:
A reconciliation of the carrying am
Page 94 and 95:
Interest rates on deposit liabiliti
Page 96 and 97:
14. ACCRUED TAXES AND OTHER LIABILI
Page 98 and 99:
15.05 Surplus ReserveIn compliance
Page 100 and 101:
Changes in the present value of the
Page 102 and 103:
Assumptions rgarding future mortali
Page 104 and 105:
21. TAXES21.01 Current and Deferred
Page 106 and 107:
The Bank is subject to MCIT which i
Page 108 and 109:
The composition of the Bank’s AUM
Page 110 and 111:
www.bdo.com.ph 109
Page 112:
PRODUCTSAND SERVICESWEALTH ADVISORY
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2011 Annual Report - BDO

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