2009 ANNUAL REPORT FINANCIAL SUPPLEMENTS - BDO

NOTES TO FINANCIAL STATEMENTSDecember 31, 2009, 2008 and 2007(Amounts in Millions of Philippine Pesos, Except Per Share Data or as Indicated)Actual returns on plan assets were P416 and P383 in 2009 and P969 and P423 in 2008 in the BDO Unibank Groupand the Parent Bank financial statements, respectively.The amounts of retirement benefits recognized in profit or loss are as follows:BDO Unibank Group2009 2008 2007Current service costs P 515 P 455 P 450Interest costs 818 513 347Expected return on plan assets (259) (249) (219)Net actuarial losses recognized 111 89 209Net transition obligation (asset) recognized 124 139 (8)P 1,309 P 947 P 779Parent Bank2009 2008 2007Current service costs P 480 P 420 P 392Interest costs 761 488 313Expected return on plan assets (245) (233) (193)Net actuarial gain recognized 104 86 214Net transition obligation (asset) recognized 139 139 (8)P 1,239 P 900 P 718BDO ANNUAL REPORT 2009113The movements in the retirement benefit asset (liability) recognized in the books follow:BDO Unibank Group Parent Bank2009 2008 2009 2008Balance at beginning of year P 14 P 55 P 58 P 69Expense recognized (1,309) (947) (1,239) (900)Contributions paid 1,198 906 1,114 889Balance at end of year (P 97) P 14 (P 67) P 58Presented below are the historical information related to the present value of the retirement benefit obligation, fair valueof plan assets and excess or deficit in the plan as well as experienced adjustments arising on plan assets and liabilities.BDO Unibank Group2009 2008 2007 2006Present value of the obligation P 8,459 P 7,086 P 6,283 P 4,567Fair value of the plan assets 4,357 3,460 2,989 2,388Deficit in the plan P 4,102 P 3,626 P 3,294 P 2,179Experience adjustments arising on plan liabilities P 985 P 967 P 397 P 760Experience adjustments arising on plan assets P 148 (P 179) (P 72) P 191