2011 Annual Report - BDO

NOTES TOFINANCIAL STATEMENTS10. OTHER RESOURCESThis account consists of:Note 2011 2010Accrued trust fees P 45,710,608 P 39,831,294Prepaid expenses 4,358,042 9,373,606Deferred charges 3,799,335 6,004,083Deferred tax assets – net 21 3,912,389 28,875,832Others 13,861,849 10,921,484P 71,642,223 P 95,006,299Deferred charges consist mainly of capitalized software costs that are amortized over3 to 10 years. Amortization charges related to software costs amounted to P2,757,376 andP4,792,315 in 2011 and 2010, respectively, and are included as part of Depreciation andAmortization in the statements of income.11. DEPOSIT LIABILITIESThe maturity profile of the Bank’s deposit liabilities follows:2011 2010Within one year P 19,331,045,745 P 16,974,044,625Beyond one year up to five years 2,053,884,686 4,907,237,280The classification of the Bank’s deposit liabilities as to currency follows:P 21,384,930,431 P 21,881,281,9052011 2010Peso P 14,554,259,839 P 13,861,759,399Foreign currency 6,830,670,592 8,019,522,506P 21,384,930,431 P 21,881,281,905Interest expense on deposit liabilities comprises of:2011 2010Time P 251,492,342 P 301,219,852Demand 125,962,566 116,179,021P 377,454,908 P 417,398,873