Income Statement

Interest & Fees on Loans

Interest on Deposits
Other Interest Income
Trading Account Interest

Based on Loans and receivable accounts

Average of the summation of the historical interest
income divided by the loan and receivable account

historical interest
eceivable account

Annual Standardised in Millions of Philippines Pesos

Period End Date

Note

Interest Income, Bank

Interest & Fees on Loans
Interest on Deposits
Other Interest Income
Trading Account Interest
Interest Expense
Interest on Deposit
Interest on Other Borrowings
Gross Operating income
Loan Loss Provision
Net Interest Inc. After Loan Loss Prov.
Other Income
Other Non-Bank Income
Fees & Commissions from Operations
Dealer Trading Account Profit
Investment Securities Gains
Foreign Currency Gains
Other Unusual Income
Other Revenue
Other Expenses
Labor & Related Expenses
Amortization of Intangibles
Litigation Expense
Other Expense
Earning Before income taxes
Provision for Income Taxes
Net income
Minority Interest
Net income
Preferred Dividends

Addition to Retained Earnings

10
7,8
9
15
16,17,18,23

2011
31-Dec-2011
50,467

2012
31-Dec-2012
54,014

2013
31-Dec-2013
56,606

2014
31-Dec-2014
63,583

37,354

42,288

45,685

53,907

2,049

597

1,576

2,065

476
10,588
16,688

310
10,819
17,893

181
9,164
13,440

278
7,333
12,358

13,006
3,682

13,122
4,771

10,421
3,019

10,441
1,917

33,779

36,121

43,166

51,225

6,144

4,941

7,001

5,114

27,635

31,180

36,165

46,111

20,899

24,639

31,844

29,487

1,669

2,278

2,808

12,255

13,432

15,464

18,010

3,907

8,445

8,422

5,868

422

498

490

4,342

1,244

--

-1,714

--

-3,023
(36,316)

671
-(39,494)

840
-(43,259)

1,067
-(48,530)

(14,002)

(15,724)

(16,551)

(18,081)

(375)

(376)

(135)

(206)

-(21,939)
12,218

(719)
(22,675)
16,325

(575)
(25,998)
24,750

(461)
(29,782)
27,068

1,630
10,588
(57)

1,571
14,754
(59)

2,104
22,646
(38)

4,240
22,828
(23)

10,531

14,695

22,608

22,805

(330)

10,201

(330)

14,365

(340)

22,268

(339)

22,466

Forecasted
2015
31-Dec-2015
72,127

2016
31-Dec-16
70,883

2017
31-Dec-17
73,814

2018
31-Dec-18
77,691

2019
31-Dec-19
82,829

2020
31-Dec-20
89,652

70,883

73,814

77,691

82,829

89,652

70,883

73,814

77,691

82,829

89,652

53,961

70,883

73,814

77,691

82,829

89,652

31,939

-0

-0

-0

-0

-0

63,836
795
19
7,477
15,166
12,526
2,640
56,961
3,000

4,171
19,362
4,740
459
2,433
774
-(55,144)
(21,120)
(285)
(152)
(33,587)
30,756

70,883

73,814

77,691

82,829

89,652

5,701
25,055
(39)

70,883

73,814

77,691

82,829

89,652

25,016

70,883

73,814

77,691

82,829

89,652

70,883

73,814

77,691

82,829

89,652

(339)

24,677

CPRD

Dividends in Arrears on Preferred Shares

(330)

CIAC

Income Available to Com Excl ExtraOrd

10,201

XNIC

Income Available to Com Incl ExtraOrd

10,201

GBAS

Basic Weighted Average Shares

GBBF

Basic EPS Excluding ExtraOrdinary Items

3.53

GBAI

Basic EPS Including ExtraOrdinary Items

3.53

GDAJ

Dilution Adjustment

GDNI

Diluted Net Income

10,201

GDWS

Diluted Weighted Average Shares

GDBF
GDAI

Diluted EPS Excluding ExtraOrd Items

Diluted EPS Including ExtraOrd Items

2,890

2,890
3.53
3.53

Supplemental (PHP Millions)

DSPS1

Special DPS-Fully Paid Ord. Shrs

--

DDPS1

DPS-Fully Paid Ord. Shrs

DCGD

Gross Dividends - Common Stock

VPTI

Normalized Income Before Taxes

VITN

Inc Tax Ex Impact of Sp Items

VIAT

Normalized Income After Taxes

10,588

VIAC

Normalized Inc. Avail to Com.

10,201

VBES

Basic Normalized EPS

3.53

VDES

Diluted Normalized EPS

3.53

VADV

Advertising

VADV

Advertising Expenses

VAMI

BC - Amortization of Intangible Assets

VAMI

Amort of Intangibles, Supplemental

VDEP

Adjustment to Depreciation/Amortization

VDEP

Depreciation

2,172

VRXP

Rental Expense

4,365

VMIN
VMIN

Minority Interest
Minority Interest
Tax & Pension Items (PHP Millions)

VTIT

Income Tax by Region - Total

VSCD

Service Cost - Pension

774

VICD

Interest Cost - Pension

835

VXPD

Expected Return on Assets - Pension

VXAG

Amort. of Actuarial Gain/Loss - Pension

0.90
2,600
12,218
1,630

-2,172
-375
--

-(57)

--

(399)
109

VXPO

Net Periodic Benefit Cost - Pension

--

VDPP

Domestic Pension Plan Expense

VFPP

Foreign Pension Plan Expense

--

VRPE

Post-Retirement Plan Expense

--

VTPE
VISA

Total Pension Expense

Assumptions

1,319

1,319
--

Dividends
and Capital
Changes
BDO Unibank Ord Shs
PHP 0.30 F
(31-Dec)
Pd.End
PHP 0.90 S
(31-Dec)
Pd.End
PHP 0.30 I
(30-Sep)
Pd.End
PHP 0.30 I
(30-Jun)
Pd.End
PHP 0.30 I
Cash Dividend

Stock Dividend
Capital Return

(31-Mar)
Pd.End

-0.99x
(31-Jul)

Stock Dividend

--

Rights Issue

--

Dividends & Capital Changes After Dec-2015

BDO Unibank Ord Shs
2016

Cash Dividend

PHP 0.30 I
(30-Sep)
Pd.End
PHP 0.30 I
(30-Jun)
Pd.End
PHP 0.30 F

(31-Mar)
Pd.End

Net Income

Total Adjustments to Net Income

10,531

(330)

Income Available to Com Excl ExtraOrd

10,201

Income Available to Com Incl ExtraOrd

10,201

Basic Weighted Average Shares

2,890

Basic EPS Excluding Extraordinary Items

3.53

Basic EPS Including Extraordinary Items

3.53

Dilution Adjustment

Diluted Net Income

10,201

Diluted Weighted Average Shares

Diluted EPS Excluding ExtraOrd Items
Diluted EPS Including ExtraOrd Items

2,890
3.53
3.53

Supplemental (PHP Millions)

DPS - Common Stock Primary Issue

0.90

Dividends per Share - Com Stock Issue 2

--

Dividends per Share - Com Stock Issue 3

--

Dividends per Share - Com Stock Issue 4

--

Special DPS - Common Stock Primary Issue

--

Special DPS - Common Stock Issue 2

--

Special DPS - Common Stock Issue 3

--

Special DPS - Common Stock Issue 4

--

Gross Dividends - Common Stock

2,600

Pro Forma Stock Compensation Expense

--

Net Income after Stock Based Comp. Exp.

--

Basic EPS after Stock Based Comp. Exp.

--

Diluted EPS after Stock Based Comp. Exp.

--

Stock-Based Compensation, Supplemental

--

Interest Expense, Supplemental

--

Interest Capitalized, Supplemental

--

Depreciation, Supplemental

2,172

(Gain) Loss on Sale of Assets, Suppl.

--

Impairment-Assets Held for Sale, Suppl.

--

Impairment-Assets Held for Use, Suppl.

--

Litigation Charge, Supplemental

--

Purchased R&D Written-Off, Supplemental

--

Restructuring Charge, Supplemental

--

Other Unusual Expense(Income), Suppl.

--

Non-Recurring Items, Supplemental, Total

--

Total Special Items

--

Normalized Income Before Taxes

Effect of Special Items on Income Taxes
Inc Tax Ex Impact of Sp Items

12,218
-1,630

Normalized Income After Taxes

10,588

Normalized Inc. Avail to Com.

10,201

Basic Normalized EPS

3.53

Diluted Normalized EPS

3.53

Amort of Acquisition Costs, Supplemental

Amort of Intangibles, Supplemental
Rental Expense, Supplemental
EPS, Supplemental
Advertising Expense, Supplemental
Equity in Affiliates, Supplemental
Minority Interest, Supplemental

-375
4,365
-2,172
-(57)

Research & Development Exp, Supplemental

--

Audit Fees

--

Audit-Related Fees

--

Tax Fees

--

All Other Fees

--

Reported Recurring Revenue

--

Reported Net Premiums Written

--

Reported Total Revenue

--

Reported Operating Revenue

--

Reported Total Cost of Revenue

--

Reported Total Sales, General & Admin.

--

Reported Gross Profit

--

Reported Operating Profit

--

Reported Operating Profit Margin

--

Reported Ordinary Profit

--

Reported Net Income After Tax

--

Reported Basic EPS

--

Reported Diluted EPS

--

Reported Net Business Profits

--

Distribution to Depositors

--

Zakat

--

Islamic Section, Supplemental

--

Murabaha Income

--

Musharaka Income

--

Istisna Income

--

Mudaraba Income

--

Ijara Income

--

Wakala Income

--

Sukuk Income

--

Other Islamic Income

--

Total Islamic Revenues, Supplemental

Bank Total Revenue

-54,678

Tax & Pension Items (PHP Millions)

Current Tax - Total
Current Tax - Total
Deferred Tax - Total
Deferred Tax - Total
Income Tax - Total
Other Tax
Income Tax by Region - Total

1,513
1,513
117
117
1,630
---

Domestic Pension Plan Expense

1,319

Interest Cost - Domestic

835

Service Cost - Domestic

774

Expected Return on Assets - Domestic

(399)

Actuarial Gains and Losses - Domestic

109

Foreign Pension Plan Expense

--

Post-Retirement Plan Expense

--

Total Pension Expense

Assumptions

1,319
--

Total Plan Interest Cost

835

Total Plan Service Cost

774

Total Plan Expected Return

Total Plan Other Expense

(399)
--

Dividends and Capital Changes

BDO Unibank Ord Shs
PHP 0.30 F
(31-Dec)
Pd.End
PHP 0.90 S

(31-Dec)
Pd.End
PHP 0.30 I
(30-Sep)
Pd.End
PHP 0.30 I
(30-Jun)
Pd.End
PHP 0.30 I
Cash Dividend

Stock Dividend
Capital Return

(31-Mar)
Pd.End

-0.99x
(31-Jul)

Stock Dividend

--

Rights Issue

--

Dividends & Capital Changes After Dec-2015

BDO Unibank Ord Shs
2016

Cash Dividend

PHP 0.30 I
(30-Sep)
Pd.End
PHP 0.30 I
(30-Jun)
Pd.End
PHP 0.30 F
(31-Mar)
Pd.End

(330)

(340)

(339)

(339)

14,153

22,268

22,466

24,677

14,153

22,268

22,466

24,677

3,129

3,581

3,581

3,610

4.52

6.22

6.27

6.84

4.52

6.22

6.27

6.84

--

340

--

--

14,153

22,608

22,466

24,677

3,129

3,656

3,581

3,610

4.52
4.52

6.18
6.18

6.27
6.27

6.84
6.84

0.90

0.90

1.20

1.20

-0.00
0

-2.10
--

--

--

16,161

24,485

26,462

30,134

1,576

2,081

4,145

5,586

14,585

22,404

22,317

24,548

14,196

22,026

21,955

24,170

4.54

6.15

6.13

6.70

4.54

6.12

6.13

6.70

2,361

2,499

2,427

2,155

-376
-2,683
-4,707

-135
-2,625
-4,948

-206
-3,056
-5,704

-285
-3,676
-6,675

(59)
--

(38)
--

(23)
--

(39)
--

--

--

--

--

934

1,040

1,076

1,211

763

772

700

809

--

--

--

--

--

--

--

--

-1,697

-1,812

-1,776

-2,020

--

--

--

--

--

--

--

--

1,697
--

1,812
--

1,776
--

2,020
--

PHP 0.30 F PHP 0.30 F PHP 0.00 F PHP 0.00 F

(31-Dec)
Pd.End

(31-Dec)
Pd.End

(31-Dec)
Pd.End

(31-Dec)
Pd.End

PHP 0.90 S PHP 0.30 I PHP 0.00 I PHP 0.00 I

(31-Dec)
(30-Sep)
(30-Sep)
(30-Sep)
Pd.End
Pd.End
Pd.End
Pd.End
PHP 0.30 I PHP 0.30 I PHP 0.00 I PHP 0.90 I
(30-Sep)
(30-Jun)
(30-Jun)
(30-Jun)
Pd.End
Pd.End
Pd.End
Pd.End
PHP 0.30 I PHP 1.20 I PHP 0.00 I PHP 0.00 I
(30-Jun)
Pd.End
PHP 0.30 I

(31-Mar)
Pd.End

(31-Mar)
Pd.End

(31-Mar)
Pd.End

(31-Mar)
Pd.End

--

--

-3.00 S

--

--

--

--

--

-4

--

--

--

--

--

--

(08-Jun)
0
(04-Jul)

(31-Dec)
Pd.End

--

14,483

(330)

22,608

(340)

22,805

(339)

25,016

(339)

14,153

22,268

22,466

24,677

14,153

22,268

22,466

24,677

3,129

3,581

3,581

3,610

4.52

6.22

6.27

6.84

4.52

6.22

6.27

6.84

--

340

--

--

14,153

22,608

22,466

24,677

3,129

3,656

3,581

3,610

4.52
4.52

6.18
6.18

6.27
6.27

6.84
6.84

0.00

2.10

1.20

1.20

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

0.90

0.90

--

--

--

--

--

--

--

--

2,683

2,625

3,056

3,676

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

(265)

(606)

(622)

48
16,161
5

24,485
(23)

26,462
(95)

30,134
(115)

1,576

2,081

4,145

5,586

14,585

22,404

22,317

24,548

14,196

22,026

21,955

24,170

4.54

6.15

6.13

6.70

4.54

6.12

6.13

6.70

--

--

--

--

376

135

206

285

4,707

4,948

5,704

6,675

-2,361

-2,499

-2,427

-2,155

--

--

--

--

(59)

(38)

(23)

(39)

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

-60,760

-75,010

-80,712

-88,900

2,037

1,851

4,854

5,480

2,037

1,851

4,854

5,480

487

253

(74)

221

487

253

(74)

221

1,571

2,104

4,240

(953)

--

(540)

--

--

--

5,701
0
--

1,697

1,812

1,776

2,020

763

772

700

809

934

1,040

1,076

1,211

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

1,697
--

1,812
--

1,776
--

2,020
--

763

772

700

809

934

1,040

1,076

1,211

---

---

---

---

PHP 0.30 F PHP 0.30 F PHP 0.00 F PHP 0.00 F

(31-Dec)
Pd.End

(31-Dec)
Pd.End

(31-Dec)
Pd.End

(31-Dec)
Pd.End

PHP 0.90 S PHP 0.30 I PHP 0.00 I PHP 0.00 I

(31-Dec)
(30-Sep)
(30-Sep)
(30-Sep)
Pd.End
Pd.End
Pd.End
Pd.End
PHP 0.30 I PHP 0.30 I PHP 0.00 I PHP 0.90 I
(30-Sep)
(30-Jun)
(30-Jun)
(30-Jun)
Pd.End
Pd.End
Pd.End
Pd.End
PHP 0.30 I PHP 1.20 I PHP 0.00 I PHP 0.00 I
(30-Jun)
Pd.End
PHP 0.30 I

(31-Mar)
Pd.End

(31-Mar)
Pd.End

(31-Mar)
Pd.End

(31-Mar)
Pd.End

--

--

-3.00 S

--

--

--

--

--

-4

--

--

--

--

--

--

(08-Jun)
0
(04-Jul)

(31-Dec)
Pd.End

--

Notes
Loans and other receivable
Trading and investment securities
Due from BSP and other banks
Other
Interest income

Deposit liabilities
Bills payable and other liabilities
Interest Expense

Interest rates

Other

10
9
7,8

2011
37456
10486
2049
476
50467

15
16,17,18,23.2

13006
3682
16688

7.488%

7.102%
-5.155426285619200%

0.5250846585

Historical
2012
42288
10819
597
310
54014

2013
45685
9164
1576
181
56606

2014
53907
7333
2065
278
63583

13122
4694
17816

10421
3019
13440

10441
1917
12358

6.136%
-13.609891415128100%

5.242%
-14.565332070652300%

5.216%
-0.494222789141752%

Forecasted
2015
2016
2017
2018
2019
2020
63836 66933.5 69954.71 72891.99 75739.08 78490.97
7477
795
19 9.976609 5.238564 2.75069 1.444345 0.758403
72127 66943.47 69959.94 72894.74 75740.52 78491.73

12526
2640
15166

Alter
Alter2
-8.456218140135340%
-6.97669012427993%

4.7751%
4.8523%

4.3713%
4.5137%

4.0017%
4.1988%

3.6633%
3.9059%

3.3535%
3.6334%

67381.26 64234.13 61890.52 60404.25 59851.43

68470.28 66327.21 64940.1 64404.95 64846.9

Note
Receivables from Customer
Loans and discounts
Customers' Liabilities
under letters of credit and trust receipts
Bills Purchased
Others
Total
Unearned interests or discounts
Allowance for impairment
total

24,26

14

Net Receivables from customer

Other Receivables
Total
Allowance for impairment

14

Total Loans and Receivables

Interest & Fees on Loans

Interest rate
Impairment to loan
Impairment to other
Others

Other receivable

10

2011

2012

Historical
2013

2014

2015

2016

591,323

691,916

821,338

976,724

1,185,248

1,185,248

38,085
10,697
30,041
670,146

31,720
16,151
33,873
773,660

37,259
21,493
34,068
914,158

51,547
26,793
35,985
1,091,049

46,861
8,693
39,922
1,280,724

46,861
8,693
42,258
1,283,060

(24,358)
(24,358)

(4,704)
(26,729)
(31,433)

(2,673)
(25,189)
(27,862)

645,788

742,227

886,296

1,062,617

1,253,126

1,245,142

30,808
(2,669)
28,139
673,927

20,686
(2,413)
18,273
760,500

37,648
(1,391)
36,257
922,553

151,733
(1,420)
150,313
1,212,930

131,059
(1,433)
129,626
1,382,752

175,076
(9,122)
165,954
1,411,097

(1,680)
(26,752)
(28,432)

(1,372)
(26,226)
(27,598)

(1,107.53)
(36,810)
(37,918)

37,354

42,288

45,685

53,907

63,836

0.06

0.06

0.05

0.04

0.05

0.0502

0.03635
0.09
1

0.03455
0.12

0.02755
0.04

0.02452
0.01

0.02048
0.01

0.028689
0.052104

1.335859

Forecasted
2017
2018

2019

2020

1,185,248

1,185,248

1,185,248

1,185,248

46,861
8,693
44,731
1,285,533

46,861
8,693
47,349
1,288,151

46,861
8,693
50,120
1,290,922

46,861
8,693
53,053
1,293,855

(894.03)
(36,881)
(37,775)

(721.69)
(36,956)
(37,678)

(582.58)
(37,036)
(37,618)

(470.28)
(37,120)
(37,590)

(0.43176)

(0.1927655)
(0.37149)

(3,797.23)
1,247,758

1,250,473

1,253,303

1,256,265

233,877
(12,186)
221,691
1,469,449

312,427
(16,279)
296,148
1,546,621

417,359
(21,746)
395,612
1,648,916

557,533
(29,050)
528,483
1,784,747

Average rate

(0.048191)
(0.18333)

(0.32886)

(2,157.74)

(1,356.15)

historical
2011
VCTC

Current Tax - Total

VDTC
VOTO

Deferred Tax - Total

Other Tax

VITT

Income Tax - Total

1,513
117
-1,630

2012
2,037
487
(953)
1,571

2013
1,851
253
-2,104

2014
4,854
(74)
(540)
4,240

2015
5,480
221
0
5,701

Forecasted
2016

2017

2018

2019

2020

BDO Unibank Inc | Balance Sheet | Thomson Reuters Eikon 11-Nov-2016 18:33

Balance Sheet

Annual As Reported in Millions of Philippines Pesos

Period End Date

2011
31-Dec-2011

Assets (PHP Millions)

Cash & Due from Banks

182,742

Other Earning Assets, Total

191,349

Net Loans

673,927

Property/Plant/Equipment, Total -NET

42,509

Goodwill, Net

1,247

Intangibles, Net

Long Term Investments

4,746

Other Long Term Assets, Total

5,485

Other Assets, Total

Total Assets

10,368
1,112,373

Liabilities (PHP Millions)

Accounts Payable
Total Deposits

17,723
858,569

Other Bearing Liabilities, Total

Total Short Term Borrowings

1,569
59,474

Other Current liabilities, Total

899

Total Long Term Debt

38,255

Total Debt

97,729

Minority Interest
Other Liabilities, Total
Total Liabilities

633
11,650
988,772
1001020

Shareholders Equity (PHP Millions)

Preferred Stock - Non Redeemable, Net

5,000

Common Stock, Total

26,074

Additional Paid-In Capital

25,175

Retained Earnings (Accumulated Deficit)

34,967

Unrealized Gain (Loss)

Other Equity, Total
Total Equity
Total Liabilities & Shareholders' Equity
Treasury Shares - Common Issue 4
Total Preferred Shares Outstanding

5,478
(365)
96,329
1,097,349
-500

Shares Outstanding - Preferred Issue 1

500

Treasury Shares - Preferred Issue 1

--

Treasury Shares - Preferred Issue 2

--

Treasury Shares - Preferred Issue 3

--

Treasury Shares - Preferred Issue 4

--

Treasury Shares - Preferred Issue 5

--

Treasury Shares - Preferred Issue 6

--

Minority Interest - Redeemable

--

Total Equity & Minority Interest

96,962

Full-Time Employees

20,804

Part-Time Employees
Number of Common Shareholders
Other Property/Plant/Equipment - Net
Goodwill - Net

-13,517
-1,247

Accumulated Goodwill Amortization Suppl.

--

Accumulated Intangible Amort, Suppl.

--

Deferred Revenue - Current

--

Deferred Revenue - Long Term

--

Curr Derivative Liab. Hedging, Suppl.

--

Curr Derivative Liab. Spec./Trdg, Suppl.

--

Non-Curr Derivative Liab. Hedging, Suppl

--

Non-Curr Derivative Liab Spec/Trdg Suppl

--

Total Risk-Weighted Capital

--

Capital Adequacy - Core Tier 1 Capital %

--

Net Stable Funding Ratio (Basel 3)

--

Capital Adequacy - Tier 2 Capital %

--

Capital Adequacy -Tier 1 Capital (Value)

--

Capital Adequacy -Tier 2 Capital (Value)

--

Capital Adequacy -Tier 3 Capital (Value)

--

Capital Adequacy - Core Tier 1 (Value)

--

Capital Adequacy - Tier 1 Capital %

--

Capital Adequacy - Hybrid Tier 1 (Value)

--

Capital Adequacy - Total Capital (Value)

--

Liquidity Coverage Ratio (Basel 3)

--

Capital Adequacy - Total Capital %

15.80%

Trading Account
Credit Exposure
Non-Performing Loans
Assets under Management
Tangible Book Value, Common Equity

4,823
-25,332
711,411
90,082

Reported Total Assets

--

Reported Total Liabilities

--

Shareholders' Equity Excl. Stock Subscr.

--

Reported Shareholder's Equity

--

Reported Net Assets

--

Reported Net Assets to Total Assets

--

Reported Return on Assets

--

Reported Return on Equity

--

Musharaka Investments

--

Wakala Investments

--

Other Islamic Investments

--

Total Islamic Investments, Supplemental

--

Murabaha Receivables

--

Istisna Receivables

--

Musharaka Financing

--

Mudaraba Financing

--

Ijara Financing

--

Wakala Receivables

--

Other Islamic Receivables

--

Total Islamic Financing Assets, Suppl.

--

Murabaha Payables

--

Ijara Lease Payables

--

Istisna Payables

--

Musharaka Financing

--

Mudaraba Financing

--

Sukuk Financing

--

Wakala Payables

--

Other Islamic Payables

--

Unrestricted Investment Accounts

Total Islamic Debt and Deposits, Suppl.

---

Debt & Lease, Pension Items (PHP Millions)

Total Long Term Debt, Supplemental

--

Total Capital Leases, Supplemental

--

Total Operating Leases, Supplemental

9,664

Operating Lease Payments Due in Year 1

1,475

Operating Lease Payments Due in Year 2

1,675

Operating Lease Payments Due in Year 3

1,900

Operating Lease Payments Due in Year 4

2,158

Operating Lease Payments Due in Year 5

2,456

Operating Lease Pymts. Due in 2-3 Years

3,575

Operating Lease Pymts. Due in 4-5 Years

4,614

Oper. Lse. Pymts. Due in Year 6 & Beyond

Total Funded Status
Pension Obligation - Domestic
Plan Assets - Domestic
Funded Status - Domestic

0
(3,026)
12,070
9,044
(3,026)

Period End Assumptions

--

Discount Rate - Domestic

6.33%

Expected Rate of Return - Domestic

5.00%

Compensation Rate - Domestic

Net Assets Recognized on Balance Sheet
Other Assets, Net - Domestic
Asset Allocation
Total Plan Obligations
Total Plan Assets

10.00%
1,494
1,494
-12,070
9,044

Historical
2012
31-Dec-2012

2013
31-Dec-2013

2014
31-Dec-2014

2015
31-Dec-2015

2016
31-Dec-16

190,775

463,146

356,505

339,374

250,340

242,248

239,328

245,618

742,227

886,296

1,062,617

1,253,126

1,422,788

30,942

34,296

33,012

27,740

21,388

1482

1482

4399

591

3799

4087

1,391
581

4399
4087

5,007

5,398

5,891

5,741

5,741

6,664

6,756

7,244

7,434

7,434

28,152

48,953

165,690

146,480

146,480

1,256,079

1,689,166

1,875,568

2,033,999

1,612,317

23,947

31,452

46,174

21,800

931,641

1,345,333

1,492,282

1,663,853

1,834

1,572

1,781

1,762

1,762

72,179

94,243

100,361

97,543

97,543

990

1,144

1,347

1,386

28,180

3,007

10,030

10,030

100,359

97,250

110,391

107,573

657

643

633

623

623

28,385

31,673

32,005

35,267

35,267

1,087,813

1,509,067

1,684,613

1,832,264

37,652

5,150

5,150

5,150

5,150

35,808

35,808

35,808

36,453

63,908

63,908

63,908

69,936

40,518

55,343

70,242

87,206

8,757

3,636

3,992

293

(427)

(146)

(76)

(60)

153,714

163,711

179,036

198,990

1,241,527

1,672,778

1,863,649

2,031,254

-515

-515

-515

-515

515

515

515

515

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

154,371

164,354

179,669

199,613

21,746

23,277

24,779

26,652

-13,155
-1,391

-13,047
-1,482

-12,887
-1,482

-12,823
-4,399

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

4,245
-921,497

3,445
-1,062,683

2,580
--

4,167
--

1,273,121

1,503,291

14

13

--

--

--

--

--

--

141,061

155,430

179,390

196,639

36,278

12,613

3,900

3,836

--

--

--

--

--

15.30%

14.60%

14.09%

13.08%

--

--

--

--

177,339

168,043

174,240

--

183,290

191,489

200,475

--

--

--

--

19.20%

15.80%

14.40%

13.30%

9,177

9,748

8,768

13,567

--

--

--

--

23,775

17,511

16,298

14,983

816,964

771,372

817,447

917,347

146,592

156,488

168,605

185,354

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

---

---

---

---

--

--

--

--

--

--

--

--

--

13,809

16,383

17,911

--

1,760

2,077

2,315

--

8,799

10,398

11,337

--

1,083

1,303

1,420

--

1,083

1,303

1,420

--

1,083

1,303

1,420

--

9,882

11,701

12,757

--

2,167

2,605

2,839

--

332

857

1,277

1,437

13,729

14,900

17,325

18,709

14,061

15,757

18,602

20,146

332

857

1,277

1,437

--

--

--

--

5.62%

4.72%

4.96%

5.50%

--

--

--

--

9.45%

8.00%

8.00%

8.00%

314

815

1,211

1,355

314

815

1,211

1,355

-13,729
14,061

-14,900
15,757

-17,325
18,602

-18,709
20,146

2017
31-Dec-17

2018
31-Dec-18

2019
31-Dec-19

1,470,414

1,547,418

1,649,578

18,029

14,670

13,486

4399

4399

4087

4399

4087

4087

5,741

5,741

5,741

7,434

7,434

7,434

146,480

146,480

146,480

1,656,584

1,730,229

1,831,205

1,762

1,762

1,762

97,543

97,543

97,543

623

623

623

35,267

35,267

35,267

37,652

37,652

37,652

2020
31-Dec-20

0
1,785,302
12,866
4399
4087
5,741
7,434
146,480
1,966,309

1,762
97,543

623
35,267
37,652

Depreciation schedule
Buildings - Gross
Land/Improvements - Gross
Other Property/Plant/Equipment - Gross
Property/Plant/Equipment, Total - Net

Existing Assets

Land
Buildings
Improvements
Furniture and fixtures

Land
Opening
Depreciation
Closing
buildings
Opening
Depreciation
Impairment
Closing
Improvements
Opening
Depreciation
Closing
Furniture and fixtures
Opening
Depreciation
Closing

2011
11540
18219
12750
#REF!

Gross
Cost

6027
14681
4621
18778
44107

14681
-4849.999999677
9831.000000323
10648
-3475
7173
18778
-13882
4896
21900.000000323

14681
-5470
9211
10648
-3957
6691
18778
-16139
2639

2012
8906
8192
13844
#REF!

Accumulated
Depreciation

2013
10247
8578
15471
#REF!

Impairment

4230
2993
11625
18848

137
375

2014
8390
9207
15415
#REF!

% of impairment

2015
14681
10648
18778
#REF!

Carrying
Value

2016

#REF!

% distribution

2.629%
4.470%

5890
10076
1628
7153
24747

13.664%
33.285%
10.477%
42.574%

512

2016
5890
0

2017
5890

2018
5890

2019
5890

2020
5890

5890

5890

5890

5890

5890

2016
10076
620

2017
9456
620

2018
8836
620

2019
8216
620

2020
7596
620

9456

8836

8216

7596

6976

2016
1628
482
1146
7036
2016
7153
2257
4896

2017
1146
482
664

2018
664
482
182

2019
182
182
0

2020
0
0
0

2017
4896
2257
2639

2018
2639
2257
382

2019
382
382
0

2020
0
0
0

14681
-6089.999999031
8591.0000009691
10648
-4439
6209
18778
-18396
382

14681
14681
-6710 -7329.9999984
7971 7351.00000162
10648
10648
-4621
-4621
6027
6027
18778
18778
-18778
-18778
0
0

2017

2018

2019

2020

#REF!

#REF!

#REF!

#REF!

Depreciation

620
482
2257
3359

% Depr'd

29%
65%
62%
43%

9831

Estimated
Useful Life

22.83
9.59
8.32

Average
Life

Remaining
Useful Life

7
6
5

16
3
3

BDO Unibank Inc | Cash Flow | Thomson Reuters Eikon 12-Nov-2016 03:21

Cash Flow
Annual Standardised in Millions of Philippines Pesos
2011

24

Earnings Quality Score

2012

N/A

2013

88

Period End Date

31-Dec-2011
31-Dec-2012
31-Dec-2013
Cash Flow-Operating Activities (PHP Millions)
Net Income/Starting Line
Depreciation/Depletion
Depreciation
Amortization
Deferred Taxes
Non-Cash Items
Unusual Items
Equity in Net Earnings (Loss)
Other Non-Cash Items
Changes in Working Capital
Other Assets

12,218

16,113

24,750

2,850

3,059

2,760

2,850

3,059

2,760

--

--

--

--

--

--

(27,048)

(31,828)

(37,254)

6,731

4,763

6,561

--

(470)

(606)

(33,779)

(36,121)

(43,209)

15,073

300,137

(4,528)
(116,700)

(4,775)

(6,178)

Other Liabilities

81,121

84,708

426,008

Other Operating Cash Flow

29,082

34,524

40,792

Investment Securities, Gains/Losses

Loans, Gains/Losses
Cash from Operating Activities

1,969
-(16,508)

(4,134)
(95,250)
2,417

22
(160,507)
290,393

Cash Flow-Investing Activities (PHP Millions)

Capital Expenditures

(2,558)

(2,975)

(4,520)

Purchase of Fixed Assets

(2,558)

(2,975)

(4,520)

Other Investing Cash Flow Items, Total

9,349

Sale of Fixed Assets

--

Sale/Maturity of Investment

Investment, Net
Purchase of Investments
Cash from Investing Activities

9,349
-6,791

(40,735)

4,894

32

73

412,438

614,947

--

--

(453,205)

(610,126)

(43,710)

374

Cash Flow-Financing Activities (PHP Millions)

Financing Cash Flow Items
Other Financing Cash Flow
Total Cash Dividends Paid
Cash Dividends Paid - Common
Issuance (Retirement) of Stock, Net

--

(6)

--

--

(6)

--

(3,025)

(368)

(7,904)

(3,025)

(368)

(7,904)

43,099

--

Sale/Issuance of Common

43,099

--

Common Stock, Net

43,099

--

Issuance (Retirement) of Debt, Net

8,552

Short Term Debt, Net

(6,353)

Long Term Debt Issued

14,905

Long Term Debt Reduction

Long Term Debt, Net
Cash from Financing Activities
Foreign Exchange Effects
Net Change in Cash

--

2,553
(237)
12,790
(10,000)

(3,026)
21,974
-(25,000)

14,905

2,790

(25,000)

5,527

45,278

(10,930)

-(4,190)

--

--

3,985

279,837

Net Cash - Beginning Balance

186,932

187,731

191,716

Net Cash - Ending Balance

182,742

191,716

471,553

Cash Interest Paid

Cash Taxes Paid

-1,687

-1,346

-2,168

Reported Cash from Operating Activities

--

--

--

Reported Cash from Investing Activities

Reported Cash from Financing Activities

---

---

---

(19,066)

(558)

Free Cash Flow

285,873

2014

25

2015

41

31-Dec-2014
31-Dec-2015
27,068

30,756

3,262

3,961

3,262

3,961

--

--

--

--

(46,818)

(54,919)

5,077

2,879

(652)

(837)

(51,243)

(56,961)

(17,117)

7,274

(13,541)

(5,130)

165,648

153,363

45,873

51,846

1,076

(4,714)

(216,173)

(188,091)

(33,605)

(12,928)

(5,970)

(6,963)

(5,970)

(6,963)

5,480

(3,248)

194

126

383,247

451,700

--

--

(377,961)

(455,074)

(490)

(10,211)

--

--

--

--

(7,903)

(7,941)

(7,903)

(7,941)

--

--

--

--

--

--

13,123

(2,896)

6,100

(2,896)

7,023

--

--

--

7,023

--

5,220

(10,837)

--

--

(28,875)

(33,976)

471,553

446,084

442,678

412,108

-4,160

-4,090

--

--

---

---

(39,575)

(19,891)

BDO Unibank Inc | Metrics | Thomson Reuters Eikon 11-Nov-2016 18:35

Operating Metrics
Annual As Reported in Millions of Philippines Pesos
2015
2014
2013
2012
2011
Period End Date
31-Dec-2015
31-Dec-2014
31-Dec-2013
31-Dec-2012
31-Dec-2011
Income Statement
Banking/Brokerage
Net I
3.20%

3.20%

3.20%

3.40%

3.50%

BDO Unibank Inc | Ratios - Key Metrics | Thomson Reuters Eikon 11-Nov-2016 18:37

Ratios - Key Metrics

Annual Standardised in Millions of Philippines Pesos
Industry Median

Earnings Quality Score

50

2015

41

Profitability
Net Interest Margin

2.71%

3.20%

Efficiency Ratio

60.2%

62.0%

Operating Leverage

(4.1%)

(3.5%)

Non-interest Income / Op Inc

0.46

0.60

% Fee Revenue

27.4%

21.8%

Loan Growth

11.4%

17.9%

Deposit Growth

10.7%

11.5%

Loan Loss Provision (% of Avg. Loans)

0.96%

0.26%

Nonperforming Loans (% of Total Loans)

1.99%

1.17%

OREO (% of Total Loans)

0.11%

12.60%

13.08%

Risk

Other Bank
Tier 1 Risk-Adjusted Capital Ratio
EOP Loans / EOP Deposits
Securities % Avg. Earning Assets

0.85

0.75

18.5%

15.1%

0.04

36.8%

1.6%

1.6%

DuPont/Earning Power
Asset Turnover
x Pretax Margin
Pretax ROA
x Leverage (Assets/Equity)
Pretax ROE
x Tax Complement
ROE
x Earnings Retention
Reinvestment Rate

11.21

10.48

15.6%

16.3%

0.78

0.81

13.4%

0.68
8.9%

0.82
11.0%

1-Nov-2016 18:37

2014

25

2013

88

2012

N/A

2011

24

3.20%

3.20%

3.40%

3.50%

60.1%

57.7%

65.3%

66.4%

(4.6%)

14.5%

1.8%

0.8%

0.68

0.77

0.68

0.72

22.3%

20.6%

22.1%

22.4%

19.9%

19.4%

10.1%

19.1%

10.9%

44.4%

8.5%

9.7%

0.52%

0.86%

0.70%

0.99%

1.50%

1.92%

3.09%

3.63%

14.09%

14.60%

15.30%

0.71

0.66

0.80

0.78

17.0%

20.2%

23.9%

21.8%

1.5%

1.7%

1.4%

1.2%

10.72

10.55

8.36

12.02

15.8%

15.6%

12.9%

13.3%

0.84

0.91

0.90

0.86

0.81
10.9%

0.66
9.6%

1.00
11.8%

0.75
8.7%