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- 43 -On May 10, 2011, the BOD of Globe Telecom approved the additional investment ofP=100.00 million as share for BPI Globe BanKO’s increase in capitalization to cover its expansionplan for the next three years. Globe Telecom made the initial capital infusion of P=79.01 million onMay 10, 2011, and P=20.99 million last March 28, 2012. As of December 31, 2012, the investmentof Globe Telecom in BPI Globe BanKO amounted to P=114.42 million, representing 40% interest.The Globe Group’s interest in BPI Globe BanKO is as follows:2012 2011 2010(In Thousand Pesos)Assets:Current P=1,454,187 P=530,179 P=283,305Noncurrent 27,463 16,208 4,386Liabilities:Current (1,279,796) (339,212) (151,150)Income 82,792 50,379 16,409Expenses (170,230) (78,040) (24,839)The Globe Group has no share of any contingent liabilities as of December 31, 2012, 2011 and2010.10.2 Investment in Bridge Mobile Pte. Ltd. (BMPL)Globe Telecom and other leading Asia Pacific mobile operators (JV partners) signed anAgreement in 2004 (JV Agreement) to form a regional mobile alliance, which will operate througha Singapore-incorporated company, BMPL. The JV company is a commercial vehicle for the JVpartners to build and establish a regional mobile infrastructure and common service platform anddeliver different regional mobile services to their subscribers.Globe Group has a ten percent (10%) stake in BMPL. The other joint venture partners each withequal stake in the alliance include SK Telecom, Co. Ltd., Advanced Info Service Public CompanyLimited, Bharti Airtel Limited, Maxis Communications Berhad, Optus Mobile Pty. Limited,Singapore Telecom Mobile Pte, Ltd., Taiwan Mobile Co. Ltd., PT Telekomunikasi Selular andCSL Ltd. Under the JV Agreement, each partner shall contribute USD4.00 million based on anagreed schedule of contribution. Globe Telecom may be called upon to contribute on dates to bedetermined by the JV. As of December 31, 2012, Globe Telecom has invested a total ofUSD2.20 million (P=111.28 million) in the joint venture.The Globe Group’s interest in BMPL is accounted for as follows:2012 2011 2010(In Thousand Pesos)Assets:Current P=68,936 P=75,011 P=67,722Noncurrent 1,844 1,750 2,744Liabilities:Current (5,859) (7,591) (7,023)Income 24,960 24,337 19,693Expenses (21,104) (24,021) (14,231)The Globe Group has no share of any contingent liabilities as of December 31, 2012, 2011 and2010.*SGVFS000196*