2011 Annual Report - BDO

this transaction amounted to P84,588,905 and P93,939,283 in 2011 and 2010, respectively(presented as part of the Accrued Taxes and Other Liabilities in the statements of financialposition).The total interest earned on held-to-maturity investments amounted to P437,896,081 in 2011and P523,367,851 in 2010.In compliance with the regulations that govern the Bank’s trust functions, government bondsowned by the Bank with a total face value of P1,104.0 million and P1,095.9 million as ofDecember 31, 2011 and 2010, respectively, are deposited with the BSP (see Note 22).On 2010, the Bank has assessed one of its held-to-maturity private securities under DeutscheBank AG with a carrying amount of P219.2 million as partially impaired after consideringseveral factors that would result to a loss being incurred by the Bank. Impairment lossrecognized in 2010 amounted to P41.5 million.On October 31, 2011, the related security has matured; hence, the previously recognizedallowance for impairment was reversed as recovery from impairment.8. LOANS AND RECEIVABLESLoans and receivables consist of the following:Notes 2011 2010Receivables from customersIndividuals 20Consumer P 251,442,062 P 25,927,113Commercial - 86,731,854251,442,062 112,658,967CorporateCommercial 1,276,606,373 2,674,254,2741,528,048,435 2,786,913,241Unquoted debt securities 6.02 - 880,918,524Allowance for impairment 8.02 - ( 76,716,633 )- 804,201,891Other receivables 20 5,873,061 5,527,275P 1,533,921,496 P 3,596,642,407www.bdo.com.ph 87