CLASS B

DAVAO LENDING CENTER

PROJECTED REVENENUE AND EXPENSE SUMMARY
CONSOLIDATED COOP BANK
Average Daily Balance
Average
Foreign
Currency Interest Income/
PESO (In Pesos) Total Rate Expense
USES OF FUNDS (Schedule 1)
Loans and Investments
Rediscounting Line
Secured/Unsecured 175,000,000.00 - 175,000,000.00 4.50% 7,875,000.00
Short Term Loan Line 2,000,000.00 - 2,000,000.00 4.50% 90,000.00
Term Loan 100,000,000.00 - 100,000,000.00 5.00% 5,000,000.00
Equity Investment 2,000,000.00 - 2,000,000.00 12.00% 240,000.00
Total Uses of Funds 279,000,000.00 - 279,000,000.00 13,205,000.00
SOURCES OF FUNDS (Schedule 2)
Deposits
Peso Deposits
Demand Deposit 35,000,000.00 35,000,000.00 0.38% 131,250.00
Savings Deposit 5,000,000.00 5,000,000.00 0.38% 18,750.00
Time Deposit - - - -
Foreign Currency Deposits
Demand Deposit - - - -
Savings Deposit - - - -
Time Deposit - - - -
Total 40,000,000.00 - 40,000,000.00 150,000.00
Less: Reserve Requirements 8,400,000.00 - 8,400,000.00
Total Deposits Net of Reserve Requirements 31,600,000.00 - 31,600,000.00
Special Financing Funds
RCF1 - - - -
Others - - -
Total - - - -
Other Fund Sources
Margin Deposits on P-Import LC - - -
Margin Deposits on $- Import LC - - -
BIR, SSS, PhilHealth Payments - - -
Others - - -
Total - - -
Total Sources of Funds 31,600,000.00 - 31,600,000.00
BALANCE OF FUNDS PROVIDED OR USED 247,400,000.00 -
Average Pool Rate For the Period 2.18% -
Total Pool Rate Imputation 5,380,950.00 - 5,380,950.00
Total Cost of Funds 5,530,950.00
Net Interest Income/(Expense) 7,674,050.00
Add: Other Income
Fees and Charges (Handling Fee, Application Fee, Commitment Fee, etc.) -
Foreign Exchange Profit -
Income from Reserve Requirements (Schedule 3) 94,433.28
Others -
Total 94,433.28
Less: Other Expenses
Deposit Insurance Cost (1/5 of 1% of ADB per annum) 80,000.00
Gross Receipts Tax (Schedule 4) 671,710.00
Local GRT (Schedule 4) 67,171.00
Others -
Total 818,881.00
ACCOUNT RELATIONSHIP EARNINGS (ARE) 6,949,602.28
ACCOUNT PROFITABILITY RATE 2.49%

Prepared by: Noted by:

Arnel M. Caalim Charlotte I. Conde

Account Officer DLC Head
Schedule 1: Computation of Average Daily Balance of Loans, Investments and Other Uses of Funds and Average Interest Rate
No. of days for the period: 365 days
IRR of the previous month: 55.28

Actual Interest
Adjusted Ave. Daily Income or Dividend Average
Ave. Loan Balance Conversio Balance for the Period (to be Interest Rate
Peso or No. of Days [(A) x (B)]/No. n Rate (In Pesos) sourced from the [(F) / ( C)]
Dollar
Period Covered Outstandin PN Loan Balance of days for the [(C ) x (D)] booking unit)
Credit Facilities and Investments Loan From To g (A) Tenor (B) period (C) (D) (E) (F) (G)
Loans and Credit Accomodations

Rediscounting Line Pesos

Reference Code 1-Jan 31-Jan 31 2,138,175.00 181,598.42
Reference Code 31-Jan 28-Feb 28 2,006,500.00 153,923.29
Reference Code 28-Feb 31-Mar 31 2,006,500.00 170,415.07
505,936.78 1.00 505,936.78 13,205,000.00 2610.01%

Reference Code 1-Jan 31-Jan 31 8,542,500.00 725,527.40

Reference Code 31-Jan 28-Feb 28 7,818,450.00 599,771.51
Reference Code 28-Feb 31-Mar 31 7,490,200.00 636,153.97
Total 1,961,452.88 1.00 1,961,452.88 - 0.00%

Total Interest Income from Loans 13,205,000.00

Investments
Equity Investment
Reference Code 1-Jan 31-Dec 365 - - - 0.00%
Total Interest Income from Investments - - -

Others (Advances on Insurance, Realty taxes, etc.)

Insurance Premium 2-Jul 30-Sep 90 90 days - - - 0.00%
Realty Tax - -
Total Income from advances - -
Total Income from Uses of Funds 13,205,000.00
Schedule 2: Sources of Funds

A. Summary of Deposits and Computation of Interest Expense

Interest Expense
[(A) *(B)* No. of days/(360
Average Daily Balance Interest or 365 if the term of the
( Amount In Pesos) Rate deposit is more than 1
(A) year)]
DEPOSITS Private Gov't (B) (C)
Peso
Demand Deposit 35,000,000.00 0.38% 131,250.00
Savings Deposit 5,000,000.00 0.38% 18,750.00
Time Deposit -
Sub-total 40,000,000.00
Foreign Currency
Demand Deposit -
Savings Deposit - 1.00% -
Time Deposit - -
Sub-total -
TOTAL 40,000,000.00 150,000.00

B. Summary of Special Financing Funds Used and Computation of Interest Expense

Interest Expense
Ave. Loan Balance [(C) *(D)* No. of days/(360
No. of Days Loan Balance [(A) x (B)]/No. of days for Interest or 365 whichever is
Period Covered Outstanding (Net of LBP Portion) the period Rate agreed per program)]
Special Funds Used From To (A) (B) (C) (D) (E)
RCF1
Reference Code - -
Reference Code - -
Total - -

Others
Reference Code - -
Reference Code - -
Total - -
Total Interest Expense - -

C. Other Fund Sources

No. of Days Adjusted

Ave. Daily Balance Ave. Daily Balance
Outstanding Total [(A) x (B)]/No. of days for [(A) x (B)]/No. of days for
Conversion
Period Covered /Float Collections/Amount the period Rate the period
Special Funds Used From To (A) (B) (C) (D) (E)
Margin Deposits on P-Import LC 0 - - 1.00 -
Margin Deposits on $- Import LC 0 - - 55.28 -
BIR, SSS, PhilHealth Payments 1/1/2007 12/31/2007 5 - - 1.00 -
Others 0 - - 1.00 -
Total - -
Schedule 3: Computation of Income from Reserve Requirements
Private Account

Interest
Average Deposit Interest Income [A
Daily Balance Rate x B x No. of Days
(A) (B) for the period / 360
or 365_/1]

Total Amount of Peso Deposit (from main report) 40,000,000.00

Reserve Requirements _/2:
21% Legal and Liquidity Reserves
11% Liquidity Reserves
Eligible Securities (Interest based on Ave. 91-day T-Bill Rate for the period) 4,400,000.00 2.00% 88,000.00
10% Legal Reserves
2% Cash In Vault 800,000.00 -
8% Due from BSP
3.2% [40%] Demand Deposit with BSP earning 4% interest 1,280,000.00 4.00% 51,200.00
4.8% [60%] Deposit with BSP with no interest 1,920,000.00 - -
Total 8,400,000.00 139,200.00
Less 20% Final Tax 27,840.00
Income from Reserve Requirement net of final tax 111,360.00
Less: Tax Arbitrage (38% of total interest income before final tax x 32% corporate tax) _/3 16,926.72
Income from Reserves Requirements 94,433.28

_/1 If the number of days for the period exceeds 360 days
_/2 Based on existing BSP regulations and its latest issuance
_/3 Based on 1997 Tax Code
Schedule 3a: Computation of Income from Reserve Requirements
Government Account

Interest
Average Deposit Interest Income [A
Daily Balance Rate x B x No. of Days
(A) (B) for the period / 360
or 365_/1]

Total Amount of Peso Deposit (from main report) -

Reserve Requirements _/1:
29% Liquidity Floor
Government Securities (Interest based on average 91-day T-Bill Rate for the period) - 6.10% -
21% Legal and Liquidity Reserves
11% Liquidity Reserves
Eligible Securities (Interest based on average 91-day T-Bill Rate for the period) - 6.10% -
10% Legal Reserves
2% Cash In Vault - -
8% Due from BSP
3.2% [40%] Demand Deposit with BSP earning 4% interest - 4.00% -
4.8% [60%] Deposit with BSP with no interest - - -
Total - -
Less 20% Final Tax -
Income from Reserve Requirement net of final tax -
Less: Tax Arbitrage (38% of total interest income before final tax x 32% corporate tax) _/2 -
Income from Reserves Requirements -

_/1 If the number of days for the period exceeds 360 days
_/2 Based on existing BSP regulations and its latest issuance
_/3 Based on 1997 Tax Code
Schedule 4 : Computation of Gross Receipt Tax (GRT) and Local GRT

Final Tax (FT) Total Income GRT Gross Receipts

Income if any Subject to GRT Rate Tax Amount Local GRT
(A) (B) (C=A+B) (D) (E=C*D) [F=C*(50%*1%)]
Income from lending activities:
With Maturity of 5 Years or Less 13,205,000.00 13,205,000.00 5% 660,250.00 66,025.00
With Maturity of More than 5 years - - 1% - -
Dividends:
From Subsidiary Companies - 0% - -
From Non-Subsidiary Companies 90,000.00 90,000.00 5% 4,500.00 450.00
Other Income:
Fees and Charges - - 5% - -
Foreign Exchange Profit - - 5% - -
Income from Reserve Requirements 111,360.00 27,840.00 139,200.00 5% 6,960.00 696.00
Others - - 5% - -
Total 13,406,360.00 27,840.00 13,434,200.00 671,710.00 67,171.00