BSP Circular No. 200-99

May 1, 1999 BSP CIRCULAR NO. 200-99 To align with policy issuances under Circular No. 161 (Investments in all Debt Securities and Marketable Equity Securities), Circular No. 164, as amended (General Loan Loss Provision) and Circular No. 169 (Restructured Loans), the Monetary Board, in its Resolution No. 442 dated April 12, 1999, approved to amend the Manual of Accounts and related report forms of Investment Houses (IHs) and Financing Companies (FCs) with Quasi-Banking Functions. To assist IHs and FCs in complying with these amendments, revised report forms are hereby circularized and they are required to: For Investment Houses 1. Immediately adopt the revisions to the Manual of Accounts for Investment Houses - Annex A-IH. 2. Adopt the following revised reports as contained in Annex B-IH: Scheduled Date No. Report Title Initial Reporting Period Covered of Submission 1 Statement of Condition and related schedules - Schedules 1 to 5 Month ended June 30, 1999 July 21, 1999 2 Statement of Income and Expenses Quarter ended June 30, 1999 July 21, 1999 Note: Succeeding submissions of above reports shall be made in accordance with the schedule indicated in Appendix 6-B of the Manual of Regulations for Banks For Financing Companies 1. Immediately adopt the revisions to the Manual of Accounts for Financing Companies - Annex A-FC. 2. Adopt the following revised reports as contained in Annex B-FC: Scheduled Date No. Report Title Initial Reporting Period Covered of Submission 1 Statement of Condition and related schedules - Schedules 1 to 5 Month ended June 30, 1999 July 21, 1999 2 Statement of Income and Expenses Quarter ended June 30, 1999 July 21, 1999 Note: Succeeding submissions of above reports shall be made in accordance with the schedule indicated in Appendix 6-B of the Manual of Regulations for Banks. (SGD.) GABRIEL C. SINGSON Governor INVESTMENT HOUSES WITH QUASI-BANKING FUNCTIONS REVISIONS TO MANUAL OF ACCOUNTS FOR INVESTMENT HOUSES WITH QB FUNCTIONS CHART OF ACCOUNTS ASSET ACCOUNTS CASH ON HAND CHECKS AND OTHER CASH ITEMS DUE FROM BANGKO SENTRAL NG PILIPINAS - RESERVES DEPOSIT IN BANKS Deposit in Banks Demand Deposit in Banks Others LOANS AND DISCOUNTS Call Loans Receivable Mortgage Contracts Receivable Other Loans/Receivable Past Due Loans/Receivable Items in Litigation Loans/Receivable Allowance for Probable Losses Loans and Discounts RESTRUCTURED LOANS * Restructured Loans Fully Secured * Restructured Loans Unsecured or Partially Secured * Items in Litigation Restructured Loans * Allowance for Probable Losses Restructured Loans * UNDERWRITING ACCOUNTS-DEBT SECURITIES * Underwritten Debt Securities Purchased * Accum. Market Gains/(Losses) Underwritten Debt Securities Purchased * Receivables Underwritten Debt Securities Sold CHART OF ACCOUNTS ASSET ACCOUNTS * TRADING ACCOUNT SECURITIES LOANS Government Securities Purchased under Resale Agreements Government Securities Purchased under Certificates of Assignment/Participation with Recourse Government Securities Purchased under Reverse Repurchase Agreements with BSP * Private Debt Securities/Commercial Papers (CPs) Purchased * Private Debt Securities/CPs Purchased under Resale Agreements * Private Debt Securities/CPs Sold under Repurchase Agreements * Private Debt Securities/CPs Purchased under Certificates of Assignment/Participation with Recourse o Allowance for Market Decline of Securities * GENERAL LOAN LOSS PROVISION UNDERWRITING ACCOUNTS EQUITY SECURITIES Underwritten Equity Securities Purchased Accumulated Market Gains/(Losses) Underwritten Equity Securities Purchased Receivables Underwritten Equity Securities Sold * TRADING ACCOUNT SECURITIES INVESTMENTS Government Securities Purchased Government Securities Sold under Repurchase Agreements * TRADING ACCOUNT SECURITIES EQUITY * AVAILABLE FOR SALE SECURITIES (ASS) * Available for Sale Securities Government * Available for Sale Securities for Reserve Purposes * Available for Sale Securities for Guarantee for Trust Functions/Duties * Available for Sale Securities Others * Accumulated Market Gains/(Losses) ASS Government Issue * Available for Sale Securities Private * Accumulated Market Gains/(Losses) ASS Private Issue * Available for Sale Securities Foreign * Accumulated Market Gains/(Losses) ASS Foreign CHART OF ACCOUNTS ASSET ACCOUNTS * INVESTMENTS IN BONDS AND OTHER DEBT INSTRUMENTS (IBODI) * IBODI Government * IBODI for Reserve Purposes * IBODI for Guarantee for Trust Functions/Duties * IBODI Others * Accumulated Bond Discount IBODI Government Issue * Accumulated Premium Amortization IBODI Government Issue * IBODI Private * Accumulated Bond Discount IBODI Private Issue * Accumulated Premium Amortization IBODI Private Issue * IBODI Foreign * Accumulated Bond Discount IBODI Foreign * Accumulated Premium Amortization IBODI Foreign Allowance for Probable Losses IBODI Domestic * Allowance for Probable Losses IBODI Foreign EQUITY INVESTMENTS Allowance for Probable Losses Equity Investments REAL ESTATE FOR SALE/LEASE DUE FROM HEAD OFFICE/BRANCHES/AGENCIES REAL PROPERTY, FURNITURE, FIXTURES AND EQUIPMENT Real Property Land Building Under Construction Real Property Buildings Accumulated Depreciation Real Property Buildings Leasehold Rights and Improvements Real Property Appraisal Increment Accumulated Depreciation Real Property Appraisal Increment Furniture, Fixtures and Equipment Accumulated Depreciation Furniture, Fixtures and Equipment CHART OF ACCOUNTS ASSET ACCOUNTS REAL AND OTHER PROPERTIES OWNED OR ACQUIRED (ROPOA) Allowance for Probable Losses ROPOA Sales Contracts Receivable OTHER ASSETS Petty Cash Fund Accounts Receivable Allowance for Probable Losses Accounts Receivable Accrued Interest Receivable Allowance for Uncollected Interest on Loans Documentary Stamps Postage Stamps Stationery and Supplies Unissued Prepaid Expenses Deferred Charges Deferred Income Tax Shortages Dividends Receivable Deposits with Closed Banks or Banks in Liquidation Commercial Papers Purchased from Financial Intermediaries Closed or Under Liquidation Allowance for Probable Losses Deposits with or Commercial Papers Purchased from Closed/in Liquidation Banks/Financial Intermediaries Other Investments Miscellaneous Assets Sundry Debits Inter-Office Float Items (Debit Balance) Allowance for Probable Losses "Other Assets" account (NO CHANGES ON LIABILITY ACCOUNTS) CAPITAL ACCOUNTS CAPITAL STOCK Subscriptions Receivable Capital Stock Subscribed Preferred Capital Stock Subscribed Common Capital Stock Preferred Capital Stock Common Additional Paid in Capital Treasury Stock CHART OF ACCOUNTS CAPITAL ACCOUNTS RETAINED EARNINGS Free Appropriated for Trust Business Appropriated for Contingencies Appropriated - others PROFIT AND LOSS SUMMARY * NET UNREALIZED GAINS/(LOSSES) ON SECURITIES AVAILABLE FOR SALE * Net Unrealized Gains/(Losses) on Securities Available for Sale * Net Unrealized Gains/(Losses) on Securities Available for Sale - Foreign APPRAISAL INCREMENT RESERVE INCOME ACCOUNTS FEES/COMMISSIONS Underwriting Fees/Commissions Guarantee Fees Commitment Fees Other Professional Service Fees * TRADING/HEDGING GAIN/(LOSS) * Trading Gain/(Loss) Government Securities * Trading Gain/(Loss) Private Debt /Commercial Papers * Trading/Hedging Gain/(Loss) Financial Derivates CHART OF ACCOUNTS INCOME ACCOUNTS * INTEREST INCOME Interest Call Loans Receivable Interest Mortgage Contracts Receivable Interest Other Loans/Receivable Interest Past Due/Items in Litigation * Interest Restructured Loans * Interest Underwritten Debt Securities Purchased * Interest TAS Loans * Interest TAS Investments * Interest Available for Sale Securities (ASS) * Interest IBODI Interest Deposit with Banks SERVICE CHARGES/FEES * FOREIGN EXCHANGE PROFIT/(LOSS) * PROFIT/(LOSS) ON SALE OR REDEMPTION OF INVESTMENTS * Profit/(Loss) on Sale or Redemption of Investments Government IBODI * Profit/(Loss) on Sale or Redemption of Investments Government IBODI Foreign * Profit/(Loss) on Sale or Redemption of Investments - Private IBODI * Profit/(Loss) on Sale or Redemption of Investments - Private IBODI - Foreign DIVIDENDS EQUITY INVESTMENTS MISCELLANEOUS INCOME * EXTRAORDINARY CREDITS/(CHARGES) OTHER INCOME Rental Real Property and Equipment Recovery on Charged-Off Assets Income from Assets Acquired Profit/(Loss) from Assets Sold/Exchanged o Deleted Account * New / Revised Account RESTRUCTURED LOANS This represents loans, the principal terms and conditions of which have been modified in accordance with a restructuring agreement setting forth a new plan of payment or a schedule of payment on a periodic basis. a . Restructured loans Fully Secured This represents restructured loans including capitalized interest thereon, which are in current status and are fully secured by real estate with loan value of up to 60% of the appraised value of the real estate security and insured improvements and by other first class collaterals as may be deemed appropriate by the Monetary Board. Restructured loans lodged to this account shall be treated as performing loans where interest income can be accrued. Sub-control accounts shall be maintained for the following: (a) Restructured Loans-Domestic and (b) Restructured Loans-Foreign. b . Restructured Loans Unsecured or Partially Secured This represents restructured loans including capitalized interest thereon, which are in current status and are either unsecured or are not fully secured by real estate with loan value of up to 60% of the appraised value of the real estate security and insured improvements and by other first class collaterals as may be deemed appropriate by the Monetary Board. Restructured loans lodged to this account shall be treated as non-performing loans where no interest income can be accrued. Sub-control accounts shall be maintained for the following: (a) Restructured Loans-Domestic and (b) Restructured Loans-Foreign. cdlex c . Past Due Restructured Loans This represents restructured loans which are considered past due under existing rules and regulations. The loan shall remain in this account until fully paid or collection/foreclosure case has been filed in courts/sheriff's office, as the case may be. d . Items in Litigation Restructured Loans This represents all restructured loans for which collection/foreclosure cases have been filed in court or sheriff's office, as the case may be. The loan shall remain in this account during the pendency of the proceedings or until full payment or such other disposition is made as would cause such proceedings to cease. All expenses incurred incidental to the litigation shall be charged to operations and debited to "Litigation/Assets Acquired Expenses" account. Corresponding memorandum entries for the expenses shall be made on the individual subsidiary ledgers of the account concerned. e . Allowance for Probable Losses - Restructured Loans This represents the amount set up against current operations to provide for losses which may arise from non-collection of restructured loans. Under existing regulations, this account is also known as "valuation reserve". LLpr UNDERWRITING ACCOUNTS (UA) DEBT SECURITIES This represents underwritten debt securities purchased and held principally with the intention of selling them within a defined short-term period. The daily valuations for these securities are at fair market values with unrealized gains or losses excluded from reported earnings and reported as a separate component of stockholders' equity until realized. The company may opt to book the mark-to-market valuation every end of the month provided, that an adequate mechanism is in place to determine the daily fair market values of securities. a . Underwritten Debt Securities Purchased This represents the cost of debt securities purchased which have remained unsold/locked-in from underwriting ventures on a firm basis. Securities outstanding for more than two (2) years from the end of the offering period should be reclassified either as "Trading Account Securities Loans", or "Investments in Bonds and Other Debt Instruments (IBODI)", depending on the intention of the company. b . Accumulated Market Gains/(Losses) Underwritten Debt Securities Purchased This represents the amount of unrealized gains or losses arising from the fair market valuation of underwritten debt securities purchased. The account is debited for gains and credited for losses. The contra account is "Net Unrealized Gains/(Losses) on Securities Available for Sale", which is a separate component of stockholders' equity. Upon the disposition of the securities, the account corresponding to the sold or transferred securities shall be reversed. c . Receivables - Underwritten Debt Securities Sold This represents claims from the sale of underwritten debt securities. TRADING ACCOUNT SECURITIES (TAS) LOANS This represents debt securities purchased and held principally with the intention of selling them in the near term. They must have readily determinable fair market values and by their very nature require daily mark-to-market valuation where unrealized and realized gains and losses are recognized and booked against "Trading Gain/(Loss)" account. The company may opt to book the mark-to-market valuation every end of the month provided, that an adequate mechanism is in place to determine the daily fair market values of securities. a . Government Securities Purchased under Resale Agreements This represents the cost of government securities purchased under agreements whereby the purchasing company shall sell said securities to the seller(s) on a stipulated future date. b . Government Securities Purchased under Certificates of Assignment/Participation with Recourse This represents the cost of government securities purchased under certificates of assignment/participation with recourse. cdll c . Government Securities Purchased under Reverse Repurchase Agreements with the Bangko Sentral ng Pilipinas (BSP) This represents the cost of government securities purchased from the BSP under agreements whereby the BSP shall buy back the government securities on a stipulated future date. d . Private Debt Securities/Commercial Papers (CPs) Purchased This represents the cost of commercial papers and other debt securities issued by private entities which are purchased for the company's trading activities. e . Private Debt Securities/Commercial Papers Purchased Under Resale Agreements This represents the cost of commercial papers and other debt securities issued by private entities which are purchased under agreements whereby the purchasing company shall sell said securities to the seller(s) on a stipulated future date. f . Private Debt Securities/Commercial Papers Sold Under Repurchase Agreements This Represents the cost of commercial papers and other debt securities issued by private entities which are sold under agreements whereby the selling company shall buy back (repurchase) the said securities from the purchaser on a stipulated future date. LLcd g . Private Debt Securities/Commercial Papers Purchased Under Certificates of Assignments/Participation with Recourse This represents the cost of commercial papers and other debt securities issued by private entities which are purchased under certificates of assignment/participation with recourse. GENERAL LOAN LOSS PROVISION This represents the amount of general provision for loan losses not linked to individually identified uncollectible accounts required to be set up under existing regulations equivalent to 2% of gross loan portfolio, less interbank loans, loans guaranteed by the Small Business Guarantee and Finance Corporation, Philippine Export Guarantee, Guarantee Fund for Small and Medium Enterprises and other government guarantee corporations, provided these loans are not past due, and loans which are considered non-risk under existing laws/rules/regulations. UNDERWRITING ACCOUNTS (UA) - EQUITY SECURITIES This represents underwritten equity securities purchased and held principally with the intention of selling them within a defined short-term period. The daily valuations for these securities are at fair market values with unrealized gains or losses excluded from reported earnings and reported as a separate component of stockholders' equity until realized. The company may opt to book the mark-to-market valuation every end of the month provided, that an adequate mechanism is in place to determine the daily for market values of securities. LLjur a . Underwritten Equity Securities Purchased This represents the cost of equity securities purchased which have remained unsold/locked-in from underwriting ventures on a firm basis. Securities outstanding for more than two (2) years from the end of the offering period should be reclassified either as "Trading Account Securities - Equity" or "Equity Investments", depending on the intention of the company. b . Accumulated Market Gains/(Losses) - Underwritten Equity Securities Purchased This represents the amount of unrealized gains or losses arising from the fair market valuation of underwritten equity securities purchased. The account is debited for gains and credited for losses. The contra account is "Net Unrealized Gains/(Losses) on Securities Available for Sale", which is a separate component of stockholders' equity. Upon the disposition of the securities, the account corresponding to the sold or transferred securities shall be reversed. c . Receivables - Underwritten Equity Securities Sold This represents claims from the sale of underwritten equity securities. TRADING ACCOUNT SECURITIES (TAS) - INVESTMENTS This represents government securities purchased and held principally with the intention of selling them in the near term. They must have readily determinable fair market values and by their very nature require daily mark-to-market valuation where unrealized and realized gains and losses are recognized and booked against "Trading Gain/(Loss)" account. The company may opt to book the market-to-market valuation every end of the month provided, that an adequate mechanism is in place to determine the daily fair market values of securities. Cdphil a . Government Securities Purchased 1 . Government Securities Purchased Local Currency This represents the cost of government securities purchased for the company's trading activities. 2 . Government Securities Purchased Foreign Currency This represents the cost of foreign currency denominated government securities purchased for the company's trading activities which shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. b . Government Securities Sold Under Repurchase Agreements 1 . Government Securities Sold Under Repurchase Agreements - Local Currency This represents the cost of government securities sold under agreements whereby the selling company shall buy back (repurchase) the said securities from the purchaser on a stipulated future date. LLjur 2 . Government Securities Sold Under Repurchase Agreements - Foreign Currency This represents the cost of foreign currency denominated government securities sold under agreements whereby the selling company shall buy back (repurchase) the said securities from the purchaser on a stipulated future date. This shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. TRADING ACCOUNTS SECURITIES (TAS) - EQUITY This represents equity securities purchased and held principally with the intention of selling them in the near term. They must have readily determinable fair market values and by their very nature require daily mark-to-market valuation where unrealized and realized gains and losses are recognized and booked against "Trading Gain/(Loss)" account. The company may opt to book the mark-to-market valuation every end of the month provided, that an adequate mechanism is in place to determine the daily fair market values of securities. a . Trading Account Securities - Equity - Local Currency This represents the cost of shares of stocks issued by private entities which are purchased for the company's trading activities. b . Trading Account Securities Equity Foreign Currency This represents the cost of shares of foreign currency-denominated stocks and other equity securities issued by private entities which are purchased for the company's trading activities. This shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. AVAILABLE FOR SALE SECURITIES (ASS) This represents debt securities purchased and held indefinitely, i.e., neither held to maturity nor for trading purposes, where the company anticipates that the securities will be available to be sold in response to liquidity needs and/or to reduction in legal reserves, liquidity reserves, liquidity floor, security deposits and/or allowable alternative investments. The daily valuations for these securities are at fair market values to account for both upward and downward market movements. However, unrealized gains or losses shall be excluded from reported earnings and reported as a separate component of stockholders' equity until realized. The company may opt to book the mark-to-market valuation every end of the month provided, that an adequate mechanism is in place to determine the daily fair market values of securities. a . Available for Sale Securities Government This represents the cost of debt securities purchased and held indefinitely, generally consisting of bonds, treasury bills/notes and certificates of indebtedness issued by the Philippine Government, its political subdivisions and instrumentalities and/or corporations owned and/or controlled by the government. 1 . Available for Sale Securities - Reserve Purposes This represents the cost of government securities held by the company for reserve purposes as required under existing rules and regulations. 2 . Available for Sale Securities Guarantee for Trust Functions/Duties This represents the cost of government securities as guarantee for trust functions/duties as required under existing rules and regulations. 3 . Available for Sale Securities Others This represents the cost of government securities that cannot be appropriately classified under any of the above accounts. prLL Accumulated Market Gains/(Losses) ASS Government Issue This represents the amount of unrealized gains or losses arising from the fair market valuation of available for sale government securities. The account is debited for gains and credited for losses. The contra account is "Net Unrealized Gains/(Losses) on Securities Available for Sale", which is a separate component of stockholders' equity. Upon the disposition of the securities, the account corresponding to the sold or transferred securities shall be reversed. b . Available for Sale Securities Private This represents the cost of securities issued by private entities. Accumulated Market Gains/(Losses) ASS Private Issue This represents the amount of unrealized gains or losses arising from the fair market valuation of available for sale private securities. The account is debited for gains and credited for losses. The contra account is "Net Unrealized Gains/(Losses) on Securities Available for Sale", which is a separate component of stockholders equity. Upon the disposition of the securities, the account corresponding to the sold or transferred securities shall be reversed. aisadc c . Available for Sale Securities Foreign This represents the cost of foreign currency-denominated bonds and other debt instruments, such as US Treasury Notes and Bonds, which shall be recorded at their respective foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. Sub-control accounts shall be maintained for: (a) ASS issued by residents; and (b) ASS issued by non-residents. Accumulated Market Gains/(Losses) ASS Foreign This represents the amount of unrealized gains or losses arising from the fair market valuation of available for sale foreign securities. The account is debited for gains and credited for losses, which shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. The contra account is "Net Unrealized Gains/(Losses) on Securities Available for Sale", which is a separate component of stockholders' equity. Upon the disposition of the securities, the account corresponding to the sold or transferred securities shall be reversed. INVESTMENTS IN BONDS AND OTHER DEBT INSTRUMENTS (IBODI) This represents debt securities where the financial institution has the intention and ability to hold these securities to maturity. Such investments shall be measured at amortized cost where any realized gains or losses shall be included in reported current income. However, if a decline in fair market value below the amortized cost is other than temporary, i.e., full collection of principal and interest is not expected on a debt security, the amortized cost basis of the particular debt security shall be adequately provided with allowance for probable losses. The amount of investment loss provision shall be accounted for as a realized loss and charged to reported current income. The ability to hold to maturity is evidenced by the funding structure of such securities wherein IBODI shall not exceed 50% of adjusted net worth plus 40% of total deposit substitutes. Sales of debt securities that meet either of the following two conditions may be considered as maturities for purposes of the classification of securities under IBODI: 1. The sale of a debt security occurs near enough to its maturity date (or call date if exercise of the call is probable) that interest rate risk is substantially eliminated as a pricing factor. That is, the date of sale is so near the maturity or call date (for example, within three months) that changes in market interest rates would not have a significant effect on the security's fair market value. 2. The sale of a debt security occurs after the bank has already collected at least eighty five per cent (85%) of the principal outstanding at acquisition due either to prepayments on the debt security or to scheduled payments on a debt security payable in installments (both principal and interest) over its term. a . Investments in Bonds & Other Debt Instruments - Government This represents the cost of investments in securities, generally consisting of bonds, treasury bills/notes and certificates of indebtedness issued by the Philippine Government, its political subdivisions and instrumentalities and/or corporations owned and/or controlled by the government. Investments in Bonds and Other Debt Instruments Reserve Purposes This represents the cost of investments in government securities held by the company for reserve purposes as required under existing rules and regulations. Investments in Bonds and Debt Instruments Guarantee for Trust Functions/Duties This represents the cost of investments in government securities as guarantee for trust functions/duties as required under existing rules and regulations. Investments in Bonds and Other Debt Instruments - Others This represents the cost of investments in government securities that cannot be appropriately classified under any of the above accounts. Accumulated Bond Discount IBODI Government Issue Accumulated Premium Amortization IBODI Government Issue This represents the earned portion of the discount and/or the amortized portion of the premium on investment in government securities which shall be debited/credited, respectively, monthly to this account with the corresponding debit/credit to "Interest Income - IBODI - Local Currency" account. Upon the disposition of the securities, the account corresponding to the redeemed, transferred or sold securities shall be reversed. b . Investments in Bonds and Other Debt Instruments Private This represents the cost of investments in bonds and other debt instruments issued by private entities. cdt Accumulated Bond Discount IBODI Private Issue Accumulated Premium Amortization IBODI Private Issue This represents the earned portion of the discount and/or the amortized portion of the premium on investment in private securities which shall be debited/credited, respectively, monthly to this account with the corresponding debit/credit to "Interest Income - IBODI - Local Currency" account. Upon disposition of the securities, the account corresponding to the redeemed, transferred or sold securities shall be reversed. c . Investments in Bonds and Other Debt Instruments Foreign This represents the cost of investments in foreign currency-denominated bonds and other debt instruments, such as US Treasury Notes and Bonds, which shall be recorded at their foreign currency amounts and their local currency equivalent at the applicable rate of exchange on transaction dates. Sub-control accounts shall be maintained for: (a) IBODI issued by residents; and (b) IBODI issued by non-residents. Accumulated Bond Discount IBODI Foreign Accumulated Premium Amortization IBODI Foreign This represents the earned portion of the discount and/or the amortized portion of the premium on investment in foreign currency-denominated bonds and other debt instruments which shall be debited/credited, respectively, monthly to this account with the corresponding debit/credit to "Interest Income IBODI Foreign" account. This shall be recorded at their foreign currency amounts and all their local currency equivalent at the applicable rate of exchange on transaction dates. Upon disposition of the securities, the account corresponding to the redeemed, transferred or sold securities shall be reversed. d . Allowable for Probable Losses IBODI Allowance for Probable Losses IBODI Domestic This represents the amount set up against current operations to provide for losses on IBODI - Domestic. Under existing regulations, this account is also known as "valuation reserve". Allowance for Probable Losses IBODI Foreign This represents the amount set up against current operations to provide for losses on IBODI - Foreign. Under existing regulations, this account is also known as "valuation reserve". This shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. RETAINED EARNINGS (APPROPRIATED) a . Appropriated for Trust Business This represents the accumulated amount set aside under Section 66 of R.A. No. 337, as amended, requiring the company authorized to engage in trust and other fiduciary activities to carry to "Retained Earnings - Appropriated for Trust Business" ten per cent (10%) of its net profits accruing from trust business since the last preceding dividend declaration up to twenty per cent (20%) of its authorized capital stock. b . Appropriated for Contingencies This represents the accumulated amount set aside for possible or unforeseen losses, decrease or shrinkage in the book value of the bank's assets, or for undeterminable liabilities not otherwise recorded, such as those arising from lawsuits, defaults on obligations and unexpected expenditures. LibLex NET UNREALIZED GAINS/(LOSSES) ON SECURITIES AVAILABLE FOR SALE Net Unrealized Gains/(Losses) Securities Available for Sale Local Currency This represents the contra account of "Accumulated Market Gains/(Losses)" resulting from the fair market valuation of Available for Sale Securities (ASS) and Underwriting Accounts (UA). The account is credited for gains and debited for losses. Sub-control accounts shall be maintained for (1) Net Unrealized Gains/(Losses) on Securities Available for Sale - ASS; and (2) Net Unrealized Gains/(Losses) on Securities Available for Sale - UA. Upon the disposition of the securities, the account corresponding to the sold or transferred securities shall be reversed except in the case of transfers from "Available for Sale Securities" and "Underwriting Accounts - Debt Securities" to "Investments in Bonds and Other Debt Instruments", where it shall continue to be reported in this account and shall be amortized over the remaining life of the security as an adjustment to yield in a manner consistent with the amortization of any premium or discount. Net Unrealized Gains/(Losses) on Securities Available for Sale -Foreign Currency This represents the contra account of "Accumulated Market Gains/(Losses) - ASS Foreign" resulting from the fair market valuation of Available for Sale Securities - Foreign. The account is credited for gains and debited for losses, which shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. Upon the disposition of the securities, the account corresponding to the sold or transferred securities shall be reversed except in the case of transfers from "Available for Sale Securities - Foreign" to "Investments in Bonds and Other Debt Instruments - Foreign", where it shall continue to be reported in this account and shall be amortized over the remaining life of the security as an adjustment to yield in a manner consistent with the amortization of any premium or discount. cdlex Underwriting Fees/Commission This represents fees and commission earned in underwriting activities, securities dealership/ brokering and equity securities. Interest Income Available for Sale Securities (ASS) This represents interest earned/realized on available for sale securities held by the company. Interest Income IBODI This represents interest earned/realized on investments in bonds and other debt instruments held by the company. TRADING GAIN/(LOSS) Trading Gain/(Loss) Government Securities Local Currency This represents gain or loss on government securities traded by the company. Trading Gain/(Loss) Government Securities Foreign Currency This represents gain or loss on foreign currency-denominated government securities traded by the company which shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. Trading Gain/(Loss) Private Debt Securities/Commercial Papers/Equity Securities-Local Currency This represents gain or loss on private debt securities/commercial papers/equity securities traded by the company. Trading Gain/(Loss) Equity Securities Foreign Currency This represents gain or loss on foreign currency-denominated equity securities traded by the company which shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. LLpr Trading Gain/(Loss) Financial Futures/Options/Forwards/Swaps Foreign Currency This represents trading profits and losses (both realized and "Mark-to-Market") arising from financial futures/options/forward/swap trading transactions which shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. FOREIGN EXCHANGE PROFIT (LOSS) This represents realized profit or actual loss incurred on foreign exchange transactions, including profit or loss arising from the adjustment of the peso equivalent of foreign monetary accounts consisting of foreign currencies on hand, due from foreign banks and short-term (collectible/payable within one year) receivables/payables. Sub-controls should be maintained from actual profit/(loss) and profit(loss) arising from revaluation. PROFIT/(LOSS) ON SALE OR REDEMPTION OF INVESTMENTS This represents profits earned or loss incurred on the sale or redemption of investments. Profit/(Loss) on Sale or Redemption of Investments Government Bonds and Other Debt Instruments Local Currency This represents profits earned or loss incurred on the sale or redemption of investments in government bonds and other debt instruments. Profit/(Loss) on Sale or Redemption of Investments Government Bonds and Other Debt Instruments Foreign Currency This represents profits earned or loss incurred on the sale or redemption of investments in foreign currency-denominated government bonds and other debt instruments which shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. Profit/(Loss) on Sale or Redemption of Investments Private Bonds and Other Debt Instruments Local Currency This represents profits earned or loss incurred on the sale or redemption of investments in private bonds and other debt instruments. Profit/(Loss) on Sale or Redemption of Investments Private Bonds and Other Debt Instruments Foreign Currency This represents profits earned or loss incurred on the sale or redemption of foreign currency-denominated investments in private bonds and other debt instruments which shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. Profit/(Loss) on Sale or Redemption of Investments Equity Securities This represents profits earned or loss incurred on the sale of equity securities. (Name of Entity) (Address) STATEMENT OF INCOME AND EXPENSES For the Quarter Ended _______________ Record Amount Particulars Number (In Thousand P) A. INCOME 1. Financing/leasing income a. Interest, discount and finance fees 102 __________ b. Leasing income 103 __________ c. Service charges/fees 104 __________ d. Other professional fees 105 __________ f. Total 110 __________ 2. Trading/hedging gain/loss on * a. Government securities 121 __________ b. Private Debt/CPs/Equity Securities * 122 __________ c. Financial Derivates * 123 __________ d. Total 120 __________ 3. Interest income on a. Call Loans Receivable* 131 __________ b. Mortgage Contracts Receivable 132 __________ c. Other Loans/Receivable 133 __________ d. Past Due/Items in Litigation* 134 __________ e. Restructured Loans* 135 __________ f. n TAS-loans* 136 __________ g. TAS-investments * 137 __________ h. Available for Sale Securities * 138 __________ i. IBODI * 139 __________ j. Others 140 __________ h. Total 130 __________ 4. Profit/(Loss) on Sale or Redemption of Investments* 150 __________ 5. Other income a. Dividends - equity investments 161 __________ b. Dividends other investments 162 __________ c. Foreign Exchange Profit/(Loss)* 163 __________ d. Others 164 __________ e. Total 160 __________ 7. Gross Income 100 __________ B. EXPENSES 1. Interest/finance charges on borrowed funds 210 __________ 2. Compensation/fringe benefits 220 __________ 3. Management and other professional fees 230 __________ 4. Fines, Penalties and Other Charges 240 __________ 5. Taxes and Licenses 250 __________ 6. Insurance 260 __________ 7. Depreciation/amortization 270 __________ 8. Litigation/assets acquired expenses 280 __________ 9. Other expenses 290 __________ 10. Bad debts written off 300 __________ 11. Provisions (excluding provision for income tax) 310 __________ 12. Total Operating Expenses 200 __________ C. NET OPERATING INCOME/(LOSS) 400 __________ D. EXTRAORDINARY CREDITS/(CHARGES) * 1. Rental - Real Property and Equipment 510 __________ 2. Recovery on Charged-off Assets 520 __________ 3. Income from Assets Acquired 530 __________ 4. Profit/(loss) from Assets Sold/Exchanged 540 __________ 5. Others 550 __________ 6. Net extraordinary credits/charges 500 __________ E. NET INCOME/(LOSS) BEFORE INCOME TAX 410 __________ F. Provision for Income Tax 311 __________ G. NET INCOME AFTER INCOME TAX 420 __________ Copied verbatim from document obtained directly from Philippine Stock Exchange . * - New/Revised Accounts REPUBLIC OF THE PHILIPPINES) )S.S. __________________________) I solemnly swear that all matters set forth in this report are true and correct to the best of my knowledge and belief. cdll ____________________ (Signature of Authorized Officer Over Printed Name) SUBSCRIBED AND SWORN TO BEFORE ME this ____day of __________, 19____ affiant exhibiting his/her Community Tax Certificate No. __________ issued at _______________ on __________. Notary Public Until _____, 19_____ PTR No. __________ _________________ Doc. No. __________ Page No. __________ Book No. __________ Series of ___________ STATEMENT OF CONDITION AND SCHEDULES (Name of Entity) (Address) STATEMENT OF CONDITION As of_______________ Record Amount Reference ASSET Number (P'000) Schedule 1. Cash on hand 010 2. Checks and other cash items 020 _____ 3. Due from BSP Reserves 030 _____ 4. Deposit in banks 040 _____ 5. Loans/Receivables 050 _____ 1, 3 & 4 a. Call Loans Receivable 051 _____ b. Mortgage Contracts Receivable 052 _____ c. Other Loans/Receivable 053 _____ d. Past Due Loans/Receivable 054 _____ e. Items in Litigation Loans/Receivable 055 _____ f. Restructured Loans 056 _____ 1) Fully secured (Circular No. 169 dated 13 July 1998) * 057 _____ 2) Unsecured or Partially Secured * 058 _____ g. Past Due Restructured Loans * 059 _____ h. Items in Litigation Restructured Loans * 060 _____ Total Loans/Receivables Less: Allowance for Probable Losses 061 _____ Loans/Receivable-Net 6. Underwriting Accounts Debt Securities * 070 _____ 1, 3 & 4 a. Underwritten Debt Securities Purchased * 071 _____ b. Accumulated Market Gains/(Losses) UA * 072 _____ c. Receivables Underwritten Debt Securities Sold * 073 _____ Total Underwriting Accounts Debt Securities * _____ 7. Trading Account Securities Loans * 080 1, 3 & 4 a. Gov. Securities Purchased under Resale Agreements 081 _____ b. Gov. Sec. Purchased under Cert. of Assignments (CA)/Participation with Recourse 082 _____ c. Gov. Sec. Purchased under Reverse Rep. Agreements with BSP 083 _____ d. Private Debt Securities/Commercial Papers (CPs) Purchased * 084 _____ e. Private Debt Securities/CPs Purchased under Resale Agreements * 085 _____ f. Private Debt Securities/CPs Sold under Repurchase Agreements * 086 _____ g. Private Debt Securities/CPs Purchased under CA/Part with Recourse * 087 _____ Total Trading Account Securities Loans * _____ Less: Allowance for Probable Losses 088 Trading Account Securities Loans - Net * _____ 8. General Loan Loss Provision (Cir. 164 dated 4-13-98) * 090 9. Underwriting Accounts Equity Securities * 100 2 & 3 a. Underwritten Equity Securities Purchased * 101 b. Accumulated Market Gains(Losses) UA * 102 c. Receivables Underwritten Equity Securities Sold * 103 Total Underwriting Accounts Equity Securities * _____ 10. Trading Account Securities Investments * 104 2, 3 & 4 a. Government Securities Purchased 105 _____ b. Gov. Sec. Sold under Repurchase Agreements 106 _____ 11. Trading Account Securities Equity * 107 _____ 12. Available For Sale Securities (ASS) * 110 2, 3 & 4 a. Available for Sale Securities Government * 111 _____ Accumulated Market Gains (Losses) ASS Gov't. Issue * 112 _____ b. Available for Sale Securities Private * 113 _____ Accumulated Market Gains (Losses) ASS Private Issue * 114 _____ c. Available for Sale Securities Foreign * 115 _____ Accumulated Market Gains (Losses) ASS Foreign * 116 _____ 13. Investment in Bonds & Other Debt Instruments * 120 _____ 2, 3 & 4 a. Government 121 1) Government Securities for Reserve Purposes * 122 _____ 2) Guarantee for Trust Functions/Duties * 123 _____ 3) Other Government Securities * 124 _____ Accumulated Bond Discount-IBODI Government * 125 _____ Accumulated Premium Amortization IBODI Government * 126 _____ Total Government Net _____ b. Private 127 _____ Accumulated Bond Discount- IBODI Private * 128 _____ Accumulated Premium Amortization IBODI Private * 129 _____ Total Private Net _____ c. Foreign * 130 _____ Accumulated Bond Discount IBODI Foreign * 131 _____ Accumulated Premium Amortization IBODI Foreign * 132 _____ Total Foreign Net _____ Total IBODI _____ Less: Allowance for Probable Losses IBODI 133 _____ IBODI Net _____ 14. Equity Investments in Allied/Non-Allied Undertakings 140 _____ Less: Allowance for Probable Losses 141 _____ Equity Investments Net _____ 15. Real Estate for Sale/Lease 150 _____ 16. Due from Head Office/Branches 155 _____ 17. Real Property, Furniture, Fixtures & Equipment Net 160 _____ 18. Real and Other Properties Owned or Acquired 170 _____ Sales Contract Receivable 171 _____ Less: Allowance for Probable Losses 172 _____ Real and Other Properties Owned or Acquired Net _____ 19. Other Assets 180 _____ a. Accounts Receivable 181 _____ Allowance for Probable Losses 182 _____ Accounts Receivable Net 183 _____ b. Accrued Interest Receivable 184 _____ Allowance for Uncollected Interest 185 _____ Accrued Interest Receivable Net 186 _____ c. Deferred Income Tax 187 _____ d. Others 188 _____ TOTAL ASSETS 190 _____ LIABILITIES 20. Bills Payable 200 _____ 3, 4&5 a. Deposit Substitutes 201 _____ b. Interbank Borrowings 202 _____ c. Others 203 _____ Total Bills Payable _____ 21. Payable for Securities Purchased 210 _____ 22. Bonds Payable 220 _____ 23. Accrued Taxes and Other Expenses 230 _____ 24. Unearned Income and Other Deferred Credits 240 _____ 25. Other Liabilities 250 _____ Total Liabilities 260 _____ STOCKHOLDERS' EQUITY 26. Capital Stock 300 a. Preferred 301 _____ b. Common 302 _____ c. Subscribed Preferred 303 _____ d. Subscribed Common 304 _____ Less: Subscription receivables 305 _____ e. Additional Paid-in Capital 306 _____ f. Less: Treasury Stock 307 _____ Total Capital Stock _____ 27. Retained Earnings 320 a. Free 321 _____ b. Appropriated for Trust Business 322 _____ c. Appropriated for Contingencies 323 _____ d. Appropriated others 324 _____ Total Retained Earnings _____ 28. Profit and Loss Summary 330 _____ 29. Net Unrealized Gains/(Losses) on Securities Available For Sale 340 _____ 30. Appraisal Increment Reserve 350 _____ Total Stockholders' Equity 360 _____ TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 370 CONTINGENT ACCOUNTS 31. Contingent accounts 400 a. Underwritten securities unsold (Underwriting commitment) 401 _____ b. Bills purchased/securities sold with recourse 402 _____ c. Trust Department Accounts assets held for: 403 _____ 1) Trust and other fiduciary accounts 404 _____ 2) Common trust funds 405 _____ 3) Investment/fund management accounts 406 _____ d. Outstanding guarantees issued 410 _____ 1) Philippine peso 411 _____ 2) US dollar 412 _____ 3) Others (specify) 413 _____ e. Items held under custodianship 420 _____ f. Others (specify) 430 _____ Total Contingent Accounts _____ * New/Revised Accounts REPUBLIC OF THE PHILIPPINES) ) S.S. ___________________________) I solemnly swear that all matters set forth in this report are true and correct to the best of my knowledge and belief. cdt _________________________ (Signature of Authorized Officer Over Printed Name) SUBSCRIBED AND SWORN TO BEFORE ME this ____day of __________, 19____ affiant exhibiting his/her Community Tax Certificate No. _____ issued at _______________ on __________. Notary Public Until _________, 19_____ PTR No. _______________ ____________________ Doc. No. _____ Page No. _____ Book No. _____ Series of _____ STATEMENT OF INCOME AND EXPENSES (Name of Entity) (Address) STATEMENT OF INCOME AND EXPENSES For the Quarter Ended__________ Record Amount Particulars Number (In Thousand P) A. INCOME 1. Fees/Commissions a. Underwriting fees/commissions 111 _____ b. Guarantee fees 112 _____ c. Commitment fees 113 _____ d. Other professional fees 114 _____ e. Total 110 _____ 2. Trading/hedging gain/loss on * a. Government securities 121 _____ b. Private Debt/CPs/Equity Securities * 122 _____ c. Financial Derivates * 123 _____ d. Total 120 _____ 3. Interest income on * a. Call Loans Receivable 131 _____ b. Mortgage Contracts Receivable 132 _____ c. Other Loans/Receivable 133 _____ d. Past Due/Items in Litigation 134 _____ e. Restructured Loans 135 _____ f. Underwritten Debt Securities Purchased 136 _____ f. TAS-loans 137 _____ g. TAS-investments 138 _____ h. Available for Sale Securities 139 _____ i. IBODI 140 _____ j. Others 141 _____ k. Total 130 _____ 4. Service charges/fees 150 _____ 5. Profit/(Loss) on Sale or Redemption of Investments * 160 _____ 6. Other income a. Dividends equity investments* 171 _____ b. Dividends other investments* 172 _____ c. Foreign Exchange Profit/(Loss)* 173 _____ d. Others 174 _____ e. Total 170 _____ 7. Gross Income 100 _____ B. EXPENSES 1. Interest/finance charges on borrowed funds 210 _____ 2. Compensation/fringe benefits 220 _____ 3. Management and other professional fees 230 _____ 4. Fines, Penalties and Other Charges 240 _____ 5. Taxes and Licenses 250 _____ 6. Insurance 260 _____ 7. Depreciation/amortization 270 _____ 8. Litigation/assets acquired expenses 280 _____ 9. Other expenses 290 _____ 10. Bad debts written off 300 _____ 11. Provisions (excluding for income tax)* 310 _____ 12. Total Operating Expenses 200 _____ C. NET OPERATING INCOME/(LOSS) 400 _____ D. EXTRAORDINARY CREDITS/(CHARGES)* 1. Rental Real Property and Equipment 510 _____ 2. Recovery on Charged-off Assets 520 _____ 3. Income from Assets Acquired 530 _____ 4. Profit/(loss) from Assets Sold/Exchanged 540 _____ 6. Net extraordinary credits/charges 500 _____ E. NET INCOME/(LOSS) BEFORE INCOME TAX 410 _____ F. Provision for Income Tax 311 _____ G. NET INCOME AFTER INCOME TAX 420 _____ * New/Revised Accounts Copied verbatim from document obtained directly from Philippine Stock Exchange . REPUBLIC OF THE PHILIPPINES) ) S.S. ___________________________) I solemnly swear that all matters set forth in this report are true and correct to the best of my knowledge and belief. cdlex ____________________ (Signature of Authorized Officer Over Printed Name) SUBSCRIBED AND SWORN TO BEFORE ME this ____ day of _____, 19_____ affiant exhibiting his/her Community Tax Certificate No. _____ issued at _______________ on ____________________. Notary Public Until _____, 19 _____ PTR No. __________ _______________ Doc. No. _____ Page No. _____ Book No. _____ Series of _____ FINANCING COMPANIES with Quasi-banking Functions Revisions to MANUAL OF ACCOUNTS for FINANCING COMPANIES with QB Functions CHART OF ACCOUNTS ASSET ACCOUNTS CASH ON HAND CHECKS AND OTHER CASH ITEMS DUE FROM BANGKO SENTRAL NG PILIPINAS-RESERVES DEPOSIT IN BANKS Deposit in Banks Demand Deposit in Banks Others LOANS AND DISCOUNTS Receivables Financed Clients' Equity (Contra Account) Receivables Financed Discounted (Contra Account) Lease Contracts Receivable Financing Method Mortgage Contracts Receivable Other Loans/Receivable Past Due Loans/Receivable Items in Litigation Loans/Receivable Allowance for Probable Losses Loans and Discounts RESTRUCTURED LOANS * Restructured Loans Fully Secured * Restructured Loans Unsecured or Partially Secured * Items in Litigation Restructured Loans * Allowance for Probable Losses Restructured Loans * TRADING ACCOUNT SECURITIES LOANS Government Securities Purchased under Resale Agreements Government Securities Purchased under Certificates of Assignment/Participation with Recourse Government Securities Purchased under Reverse Repurchase Agreements with BSP * Private Debt Securities/Commercial Papers (CPs) Purchased * Private Debt Securities/CPs Purchased under Resale Agreements * Private Debt Securities/CPs Sold under Repurchase Agreements * Private Debt Securities/CPs Purchased under Certificates of Assignment/Participation with Recourse o Allowance for Market Decline of Securities CHART OF ACCOUNTS ASSET ACCOUNTS * GENERAL LOAN LOSS PROVISION * TRADING ACCOUNT SECURITIES INVESTMENTS Government Securities Purchased Government Securities Sold under Repurchase Agreements * TRADING ACCOUNT SECURITIES EQUITY * AVAILABLE FOR SALE SECURITIES (ASS) * Available for Sale Securities Government * Available for Sale Securities for Reserve Purposes * Available for Sale Securities for Guarantee for Trust Functions/Duties * Available for Sale Securities Others * Accumulated Market Gains/(Losses) ASS Government Issue * Available for Sale Securities Private * Accumulated Market Gains/(Losses) ASS Private Issue * Available for Sale Securities Foreign * Accumulated Market Gains/(Losses) ASS Foreign * INVESTMENT IN BONDS AND OTHER DEBT INSTRUMENTS (IBODI) * IBODI Government * IBODI for Reserve Purposes * IBODI for Guarantee for Trust Functions/Duties * IBODI Others * Accumulated Bond Discount IBODI Government Issue * Accumulated Premium Amortization IBODI Government Issue * IBODI Private * Accumulated Bond Discount IBODI Private Issue * Accumulated Premium Amortization IBODI Private Issue * IBODI Foreign * Accumulated Bond Discount IBODI Foreign * Accumulated Premium Amortization IBODI Foreign Allowance for Probable Losses IBODI Domestic * Allowance for Probable Losses IBODI Foreign EQUITY INVESTMENTS Allowance for Probable Losses Equity Investments CHART OF ACCOUNTS ASSET ACCOUNTS EQUIPMENT AND OTHER PROPERTIES FOR LEASE Equipment and Other Properties in Transit Equipment and Other Properties for Lease Residual Value Equipment and Other Properties for Lease Financing Method Accumulated Depreciation Equipment and Other Properties for Lease REAL ESTATE FOR SALE/LEASE DUE FROM HEAD OFFICE/BRANCHES/AGENCIES REAL PROPERTY, FURNITURE, FIXTURES AND EQUIPMENT Real Property Land Building Under Construction Real Property Buildings Accumulated Depreciation Real Property Buildings Leasehold Rights and Improvements Real Property Appraisal Increment Accumulated Depreciation Real Property Appraisal Increment Furniture, Fixtures and Equipment Accumulated Depreciation Furniture, Fixtures and Equipment REAL AND OTHER PROPERTIES OWNED OR ACQUIRED (ROPOA) Allowance for Probable Losses ROPOA Sales Contracts Receivable OTHER ASSETS Petty Cash Fund Accounts Receivable Allowance for Probable Losses Accounts Receivable Accrued Interest Receivable Allowance for Uncollected Interest on Loans Documentary Stamps Postage Stamps Stationery and Supplies Unissued Prepaid Expenses Deferred Charges Deferred Income Tax Shortages CHART OF ACCOUNTS ASSET ACCOUNTS Dividends Receivable Deposits with Closed Banks or Banks in Liquidation Commercial Papers Purchased from Financial Intermediaries Closed or Under Liquidation Allowance for Probable Losses Deposits with or Commercial Papers Purchased from Closed/in Liquidation Banks/Financial Intermediaries Other Investments Miscellaneous Assets Sundry Debits Inter-Office Float Items (Debit Balance) Allowance for Probable Losses "Other Assets" account (NO CHANGES ON LIABILITY ACCOUNTS) CAPITAL ACCOUNTS CAPITAL STOCK Subscriptions Receivable Capital Stock Subscribed Preferred Capital Stock Subscribed Common Capital Stock Preferred Capital Stock Common Additional Paid-in Capital Treasury Stock RETAINED EARNINGS Free Appropriated for Trust Business Appropriated for Contingencies Appropriated others PROFIT AND LOSS SUMMARY * NET UNREALIZED GAINS/(LOSSES) ON SECURITIES AVAILABLE FOR SALE * Net Unrealized Gains/(Losses) on Securities Available for Sale * Net Unrealized Gains/(Losses) on Securities Available for Sale Foreign APPRAISAL INCREMENT RESERVE CHART OF ACCOUNTS INCOME ACCOUNTS FINANCING/LEASING INCOME Interest, Discounts and Finance Fees Leasing Income Service Charges/Fees * INTEREST INCOME Interest Call Loans Receivable Interest Mortgage Contracts Receivable Interest Other Loans/Receivable Interest Past Due/Items in Litigation * Interest Restructured Loans * Interest Underwritten Debt Securities Purchased * Interest TAS Loans * Interest TAS Investments * Interest Available for Sale Securities (ASS) * Interest IBODI Interest Deposit with Banks * TRADING/HEDGING GAIN/(LOSS) * Trading Gain/(Loss) Government Securities * Trading Gain/(Loss) Private Debt/Commercial Papers * Trading/Hedging Gain/(Loss) Financial Derivates * FOREIGN EXCHANGE PROFIT/(LOSS) * PROFIT/(LOSS) ON SALE OR REDEMPTION OF INVESTMENTS * Profit/(Loss) on Sale or Redemption of Investment Government IBODI * Profit/(Loss) on Sale or Redemption of Investments Government IBODI Foreign * Profit/(Loss) on Sale or Redemption of Investments Private IBODI * Profit/(Loss) on Sale or Redemption of Investments Private IBODI Foreign DIVIDENDS EQUITY INVESTMENTS * EXTRAORDINARY CREDITS/(CHARGES) Rental Real Property and Equipment Recovery on Charged-Off Assets Income from Assets Acquired Profit/(Loss) from Assets Sold/Exchanged Miscellaneous Income * New/Revised Account RESTRUCTURED LOANS This represents loans, the principal terms and conditions of which have been modified in accordance with a restructuring agreement setting forth a new plan of payment or a schedule of payment on a periodic basis. a . Restructured loans - Fully Secured This represents restructured loans including capitalized interest thereon, which are in current status and are fully secured by real estate with loan value of up to 60% of the appraised value of the real estate security and insured improvements and by other first class collaterals as may be appropriate by the Monetary Board. Restructured loans lodged to this account shall be treated as performing loans where interest income can be accrued. Sub-control accounts shall be maintained for the following: (a) Restructured Loans-Domestic and (b) Restructured Loans-Foreign. b . Restructured Loans Unsecured or Partially Secured This represents restructured loans including capitalized interest thereon, which are in current status and are either unsecured or are not fully secured by real estate with loan value of up to 60% of the appraised value of the real estate security and insured improvements and by other first class collaterals as may be deemed appropriate by the Monetary Board. Restructured loans lodged to this account shall be treated as non-performing loans where not interest income can be accrued. Sub-control accounts shall be maintained for the following: (a) Restructured Loans-Domestic and (b) Restructured Loans-Foreign. LLpr c . Past Due Restructured Loans This represents restructured loans which are considered past due under existing rules and regulations. The loan shall remain in this account until fully paid or collection/foreclosure case has been filed in courts/sheriff's office, as the case may be. d . Items in Litigation - Restructured Loans This represent all restructured loans for which collection/foreclosure cases have been filed in court or sheriff's office, as the case may be. The loan shall remain in this account during the pendency of the proceedings or until full payment or such other disposition is made as would cause such proceedings to cease. All expenses incurred incidental to the litigation shall be charged to operations and debited to "Litigation/Assets Acquired Expenses" account. Corresponding memorandum entries for the expenses shall be made on the individual subsidiary ledgers of the account concerned. prLL e . Allowance for Probable Losses Restructured Loans This represents the amount set up against current operations to provided for losses which may arise from non-collection of restructured loans. Under existing regulations, this account is also known as "valuation reserve". TRADING ACCOUNT SECURITIES (TAS) LOANS This represents debt securities purchased and held principally with the intention of selling them in the near term. They must have readily determinable fair market values and by their very nature require daily mark-to-market valuation where unrealized and realized gains and losses are recognized and booked against "Trading Gain/(Loss)" account. The company may opt to book the mark-to-market valuation every end of the month provided, that an adequate mechanism is in place to determine the daily fair market values of securities. a . Government Securities Purchased under Resale Agreements This represents the cost of government securities purchased under agreements whereby the purchasing company shall sell said securities to the seller(s) on a stipulated future date. b . Government Securities Purchased under Certificates of Assignment/Participation with Recourse This represents the cost of government securities purchased under certificates of assignment/participation with recourse. c . Government Securities Purchased under Reverse Repurchase Agreements with the Bangko Sentral ng Pilipinas (BSP) This represents the cost of government securities purchased from the BSP under agreements whereby the BSP shall buy back the government securities on a stipulated future date. d . Private Debt Securities/Commercial Papers (CPs) Purchased This represents the cost of commercial papers and other debt securities issued by private entities which are purchased for the company's trading activities. e . Private Debt Securities/Commercial Papers Purchased Under Resale Agreements This represents the cost of commercial papers and other debt securities issued by private entities which are purchased under agreements whereby the purchasing company shall sell said securities to the seller(s) on a stipulated future date. f . Private Debt Securities/Commercial Papers Sold Under Repurchase Agreements This represents the cost of commercial papers and other debt securities issued by private entities which are sold under agreements whereby the selling company shall buy back (repurchase) the said securities from the purchaser on a stipulated future date. g . Private Debt Securities/Commercial Papers Purchased Under Certificates of Assignments/Participation with Recourse This represents the cost of commercial papers and other debt securities issued by private entities which are purchased under certificates of assignment/participation with recourse. LibLex GENERAL LOAN LOSS PROVISION This represents the amount of general provision for loan losses not linked to individually identified uncollectible accounts required to be set up under existing regulations equivalent to 2% of gross loan portfolio, less interbank loans, loans guaranteed by the Small Business Guarantee and Finance Corporation, Philippine Export Guarantee, Guarantee Fund for Small and Medium Enterprises and other government guarantee corporations, provided these loans are not past due, and loans which are considered non-risk under existing laws/rules/regulations. TRADING ACCOUNT SECURITIES (TAS) - INVESTMENTS This represents government securities purchased and held principally with the intention of selling them in the near term. They must have readily determinable fair market values and by their very nature require daily mark-to-market valuation where unrealized and realized gains and losses are recognized and booked against "Trading Gain/(Loss)" account. The company may opt to book the mark-to-market valuation every end of the month provided, than an adequate mechanism is in place to determine the daily fair market values of securities. a . Government Securities Purchased 1 . Government Securities Purchased Local Currency This represents the cost of government securities purchased for the company's trading activities. 2 . Government Securities Purchased Foreign Currency This represents the cost of foreign currency denominated government securities purchased for the company's trading activities which shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. b . Government Securities Sold Under Repurchase Agreements 1 . Government Securities Sold Under Repurchase Agreements - Local Currency This represents the cost of government securities sold under agreements whereby the selling company shall buy back (repurchase) the said securities from the purchaser on a stipulated future date. 2 . Government Securities Sold Under Repurchase Agreements - Foreign Currency This represents the cost of foreign currency denominated government securities sold under agreements whereby the selling company shall buy back (repurchase) the said securities from the purchaser on a stipulated future date. This shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. TRADING ACCOUNTS SECURITIES (TAS) EQUITY This represents equity securities purchased and held principally with the intention of selling them in the near term. They must have readily determinable fair market values and by their very nature require daily mark-to-market valuation where unrealized and realized gains and losses are recognized and booked against "Trading Gain/(Loss)" account. The company may opt to book the mark-to-market valuation every end of the month provided, that an adequate mechanism is in place to determine the daily fair market values of securities. a . Trading Account Securities Equity Local Currency This represents the cost of shares of stocks issued by private entities which are purchased for the company's trading activities. LLjur b . Trading Account Securities Equity Foreign Currency This represents the cost of shares of foreign currency-denominated stocks and other equity securities issued by private entities which are purchased for the company's trading activities. This shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. AVAILABLE FOR SALE SECURITIES (ASS) This represents debt securities purchased and held indefinitely, i.e., neither held to maturity nor for trading purposes, where the company anticipates that the securities will be available to be sold in response to liquidity needs and/or to reduction in legal reserves, liquidity reserves, liquidity floor, security deposits and/or allowable alternative investments. The daily valuations for these securities are at fair market values to account for both upward and downward market movements. However, unrealized gains or losses shall be excluded from reported earnings and reported as a separate component of stockholders' equity until realized. The company may opt to book the mark-to-market valuation every end of the month provided, that an adequate mechanism is in place to determine the daily fair market values of securities. a . Available for Sale Securities Government This represents the cost of debt securities purchased and held indefinitely, generally consisting of bonds, treasury bills/notes and certificates of indebtedness issued by the Philippine Government, its political subdivisions and instrumentalities and/or corporations owned and/or controlled by the government. 1 . Available for Sale Securities Reserve Purposes This represents the cost of government securities held by the company for reserve purposes as required under existing rules and regulations. cdll 2 . Available for Sale Securities Guarantee for Trust Functions/Duties This represents the cost of government securities as guarantee for trust functions/duties as required under existing rules and regulations. 3 . Available for Sale Securities Others This represents the cost of government securities that cannot be appropriately classified under any of the above accounts. Accumulated Market Gains/(Losses) ASS Government Issue This represents the amount of unrealized gains or losses arising from the fair market valuation of available for sale government securities. The account is debited for gains and credited for losses. The contra account is "Net Unrealized Gains/(Losses) on Securities Available for Sale", which is a separate component of stockholders' equity. Upon the disposition of the securities, the account corresponding to the sold or transferred securities shall be reversed. Cdphil b . Available for Sale Securities Private This represents the cost of securities by private entities. Accumulated Market Gains/(Losses) ASS Private Issue This represents the amount of unrealized gains or losses arising from the fair market valuation of available for sale private securities. The account is debited for gains and credited for losses. The contra account is "Net Unrealized Gains/(Losses) on Securities Available for Sale", which is a separate component of stockholders' equity. Upon the disposition of the securities, the account corresponding to the sold or transferred securities shall be reversed. c . Available for Sale Securities Foreign This represents the cost of foreign currency-denominated bonds and other debt instruments, such as US Treasury Notes and Bonds, which shall be recorded at their respective foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. Sub-control accounts shall be maintained for: (a) ASS issued by residents; and (b) ASS issued by non-residents. Accumulated Market Gains/(Losses) ASS Foreign This represents the amount of unrealized gains or losses arising from the fair market valuation of available for sale foreign securities. The account is debited for gains and credited for losses, which shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. The contra account is "Net Unrealized Gains/(Losses) on Securities Available for Sale", which is a separate component of stockholders' equity. Upon the disposition of the securities, the account corresponding to the sold or transferred securities shall be reserved. INVESTMENTS IN BONDS AND OTHER DEBT INSTRUMENTS (IBODI) This represents debt securities where the financial institution has the intention and ability to hold these securities to maturity. Such investments shall be measured at amortized cost where any realized gains or losses shall be included in reported current income. However, if a decline in fair market value below the amortized cost is other than temporary, i.e., full collection of principal and interest is not expected on a debt security, the amortized cost basis of the particular debt security shall be adequately provided with allowance for probable losses. The amount of investment loss provision shall be accounted for as a realized loss the charged to reported current income. The ability to hold to maturity is evidenced by the funding structure of such securities wherein IBODI shall not exceed 50% of adjusted net worth plus 40% of total deposit substitutes. Sales of debt securities the meet either of the following two conditions may be considered as maturities for purposes of the classification of securities under IBODI: 1. The sale of a debt security occurs near enough to its maturity date (or call date if exercise of the call is probable) that interest rate risk is substantially eliminated as a pricing factor. That is, the date of sale is so near the maturity or call date (for example, within three months) that changes in market interest rates would not have a significant effect on the security's fair market value. 2. The sale of a debt security occurs after the bank has already collected at least eighty five per cent (85%) of the principal outstanding at acquisition due either to prepayments on the debt security or to scheduled payments on a debt security payable in installments (both principal and interest) over its term. a . Investments in Bonds & Other Debt Instruments Government This represents the cost of investments in securities, generally consisting of bonds, treasury bills/notes and certificates of indebtedness issued by the Philippine Government, its political subdivisions and instrumentalities and/or corporations owned and/or controlled by the government. Investments in Bonds and Other Debt Instruments Reserve Purposes This represents the cost of investments in government securities held by the company for reserve purposes as required under existing rules and regulations. Investments in Bonds and Debt Instruments Guarantee for Trust Functions/Duties This represents the cost of investments in government securities as guarantee for trust functions/duties as required under existing rules and regulations. Investments in Bonds and Other Debt Instruments Others This represents the cost of investments in government securities that cannot be appropriately classified under any of the above accounts. LibLex Accumulated Bond Discount IBODI Government Issue Accumulated Premium Amortization IBODI Government Issue This represents the earned portion of the discount and/or the amortized portion of the premium on investment in government securities which shall be debited/credited, respectively, monthly to this account with the corresponding debit/credit to "Interest Income - IBODI - Local Currency" account. Upon the disposition of the securities, the account corresponding to the redeemed, transferred or sold securities shall be reversed. b . Investments in Bonds and Other Debt Instruments Private This represents the cost of investments in bonds and other debt instruments issued by private entities. Accumulated Bond Discount IBODI Private Issue Accumulated Premium Amortization IBODI Private Issue This represents the earned portion of the discount and/or the amortized portion of the premium on investment in private securities which shall be debited/credited, respectively, monthly to this account with the corresponding debit/credit to "Interest Income - IBODI - Local Currency" account. Upon disposition of the securities, the account corresponding to the redeemed, transferred or sold securities shall be reversed. aisadc c . Investments in Bonds and Other Debt Instruments Foreign This represents the costs of investments in foreign currency-denominated bonds and other debt instruments, such as US Treasury Notes and Bonds, which shall be recorded at their foreign currency amounts and their local currency equivalent at the applicable rate of exchange on transaction dates. Sub-control accounts shall be maintained for: (a) IBODI issued by residents; and (b) IBODI issued by non-residents. Accumulated Bond Discount IBODI Foreign Accumulated Premium Amortization IBODI Foreign This represents the earned portion of the discount and/or the amortized portion of the premium on investment in foreign currency-denominated bonds and other debts instruments which shall be debited/credited, respectively, monthly to this account with the corresponding debit/credit to "Interest Income - IBODI - foreign" account. This shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. Upon disposition of the securities, the account corresponding to the redeemed, transferred or sold securities shall be reversed. LLcd d . Allowance for Probable Losses IBODI Allowance for Probable Losses IBODI Domestic This represents the amount set up against current operations to provide for losses on IBODI Domestic. Under existing regulations, this account is also known as "valuation reserve". Allowance for Probable Losses IBODI Foreign This represents the amount set up against current operations to provide for losses on IBODI - Foreign. Under existing regulations, this account is also known as "valuation reserve". This shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. RETAINED EARNINGS (APPROPRIATED) a . Appropriated for Trust Business This represents the accumulated amount set aside under Section 66 of R.A. No. 337, as amended, requiring the company authorized to engage in trust and other fiduciary activities to carry to "Retained Earnings Appropriated for Trust Business" ten per cent (10%) of its net profits accruing from trust business since the last preceding dividend declaration up to twenty per cent (20%) of its authorized capital stock. b . Appropriated for Contingencies This represents the accumulated amount set aside for possible or unforeseen losses decrease or shrinkage in the book value of the bank's assets, or for undeterminable liabilities not otherwise recorded, such as those arising from lawsuits, defaults on obligations and unexpected expenditures. LLjur NET UNREALIZED GAINS/(LOSSES) ON SECURITIES AVAILABLE FOR SALE Net Unrealized Gains/(Losses) Securities Available for Sale Local Currency This represents the contra account of "Accumulated Market Gains/(Losses)" resulting from the fair market valuation of Available for Sale Securities (ASS). The account is credited for gains and debited for losses. Upon the disposition of the securities, the account corresponding to the sold or transferred securities shall be reversed except in the case of transfers from "Available for Sale Securities" to "Investments in Bonds and Other Debt Instruments", where it shall continue to be reported in this account and shall be amortized over the remaining life of the security as an adjustment to yield in a manner consistent with the amortization of any premium or discount. Net Unrealized Gains/(Losses) on Securities Available for Sale Foreign Currency This represents the contra account of "Accumulated Market Gains/(Losses) ASS Foreign" resulting from the fair market valuation of Available for Sale Securities Foreign. The account is credited for gains and debited for losses, which shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. Upon the disposition of the securities, the account corresponding to the sold or transferred securities shall be reversed except in the case of transfers from "Available for Sale Securities Foreign" to "Investments in Bonds and Other Debt Instruments Foreign", where it shall continue to be reported in this account and shall be amortized over the remaining life of the security as an adjustment to yield in a manner consistent with the amortization of any premium or discount. cdlex Interest Income Available for Sale Securities (ASS) This represents interest earned/realized on available for sale securities held by the company. Interest Income IBODI This represents interest earned/realized on investments in bonds and other debt instruments held by the company. TRADING GAIN/(LOSS) Trading Gain/(Loss) Government Securities Local Currency This represents gain or loss on government securities traded by the company. Trading Gain/(Loss) Government Securities Foreign Currency This represents gain or loss on foreign currency-denominated government securities traded by the company which shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. Trading Gain/(Loss) Private Debt Securities/Commercial Papers/Equity Securities-Local Currency This represents gain or loss on private debt securities/commercial papers/equity securities traded by the company. Trading Gain/(Loss) Equity Securities Foreign Currency This presents gain or loss on foreign currency-denominated equity securities traded by the company which shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. Trading Gain/(Loss) Financial Futures/Options/Forwards/Swaps- Foreign Currency This represents trading profits and losses (both realized and "Mark-to-Market") arising from financial futures/options/forward/swap trading transactions which shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. FOREIGN EXCHANGE PROFIT (LOSS) This represents realized profit or actual loss incurred on foreign exchange transactions, including profit or loss arising from the adjustment of the peso equivalent of foreign monetary accounts consisting of foreign currencies on hand, due from foreign banks and short-term (collectible/payable within one year) receivables/payables. Sub-controls should be maintained from actual profit/(loss) and profit(loss) arising from revaluation. PROFIT/(LOSS) ON SALE OR REDEMPTION OF INVESTMENTS This represents profits earned or loss incurred on the sale or redemption of investments. Profit/(Loss) on Sale or Redemption of Investments Government Bonds and Other Debt Instruments Local Currency This represents profits earned or loss incurred on the sale or redemption of investments in government bonds and other debt instruments. Profit/(Loss) on Sale or Redemption of Investments Government Bonds and Other Debt Instruments Foreign Currency This represents profits earned or loss incurred on the sale or redemption of investments in foreign currency-denominated government bonds and other debt instruments which shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. Profit/(Loss) on Sale or Redemption of Investments Private Bonds and Other Debt Instruments Local Currency This represents profits earned or loss incurred on the sale or redemption of investments in private bonds and other debt instruments. Profit/(Loss) on Sale or Redemption of Investments Private Bonds and Other Debt Instruments Foreign Currency This represents profits earned or loss incurred on the sale or redemption of foreign currency-denominated investments in private bonds and other debt instruments which shall be recorded at their foreign currency amounts and at their local currency equivalent at the applicable rate of exchange on transaction dates. LLphil Profit/(Loss) on Sale or Redemption of Investments Equity Securities This represents profits earned or loss incurred on the sale of equity securities.. STATEMENT OF CONDITION AND SCHEDULES (Name of Entity) (Address) STATEMENT OF CONDITION As of_______________ Record Amount Reference ASSET Number (P'000) Schedule 1. Cash on hand 010 _____ 2. Checks and other cash items 020 _____ 3. Due from BSP - Reserves 030 _____ 4. Deposit in banks 040 _____ 5. Loans/Receivables 050 _____ 1, 3 & 4 a. Call Loan Receivable 051 _____ b. Mortgage Contracts Receivable 052 _____ c. Other Loans/Receivable 053 _____ d. Past Due Loans/Receivable 054 _____ e. Items in Litigation - Loans/Receivable 055 _____ f. Restructured Loans 056 _____ 1) Fully secured (Circular No. 169 dated 13 July 1998) * 057 _____ 2) Unsecured or Partially Secured * 058 _____ g. Past Due Restructured Loans * 059 _____ h. Items in Litigation-Restructed Loans * 060 _____ Total Loans/Receivables Less: Allowance for Probable Losses 061 _____ Loans/Receivable-Net _____ 6. Trading Account Securities - Loans * 070 _____ 1, 3 & 4 a. Gov. Securities Purchased under Resale Agreements 071 _____ b. Gov. Sec. Purchased under Cert. of Assignments (CA)/Participation with Recourse 072 _____ c. Gov. Sec. Purchased under Reversed Rep. Agreement wit BSP 073 _____ d. Private Debt Securities/Commercial Papers (CPs) Purchased * 074 _____ e. Private Debt Securities/CPs Purchased under Resale Agreements * 075 _____ f. Private Debt Securities/CPs Sold under Repurchase Agreements * 076 _____ g. Private Debt Securities/CPs Purchased under CA/Part. with Recourse * 077 _____ Total Trading Account Securities Loans * _____ Less: Allowance for Probable Losses 078 _____ Trading Account Securities Loans Net * _____ 7. General Loan Loss Provision (Cir. 164 dated 4-13-98) * 079 _____ 8. Trading Account Securities - Investments * 080 _____ 2, 3 & 4 a. Government Securities Purchased 081 _____ b. Gov. Sec. Sold under Repurchase Agreements 082 _____ 9. Trading Accounts Securities Equity * 083 _____ 10. Available For Sale Securities (ASS) * 090 _____ 2, 3 & 4 a. Available for Sale Securities Government * 091 _____ Accumulated Market Gains (Losses) ASS Gov't. Issue * 092 _____ b. Available for Sale Securities Private * 093 _____ Accumulated Market Gains (Losses) ASS Private Issue * 094 _____ c. Available for Sale Securities Foreign * 095 _____ Accumulated Market Gains (Losses) ASS Foreign * 096 _____ 11. Investment in Bonds & Other Debt Instruments * 100 _____ 2, 3 & 4 a. Government 101 _____ 1) Government Securities for Reserve Purposes * 102 _____ 2) Guarantee for Trust Functions/Duties * 103 _____ 3) Other Government Securities * 104 _____ Accumulated Bond Discount IBODI Government * 105 _____ Accumulated Premium Amortization IBODI Government * 106 _____ Total Government Net _____ b. Private 107 _____ Accumulated Bond Discount IBODI Private * 108 _____ Accumulated Premium Amortization IBODI Private * 109 _____ Total Private Net _____ c. Foreign * 110 _____ Accumulated Bond Discount IBODI Foreign * 111 _____ Accumulated Premium Amortization IBODI Foreign * 112 _____ Total Foreign Net _____ Total IBODI _____ Less: Allowance for Probable Losses IBODI 113 _____ IBODI Net _____ 12. Equity Investments in Allied/Non-Allied Undertakings 120 _____ Less: Allowance for Probable Losses 121 _____ Equity Investments Net _____ 13. Equipment and Other Properties for Lease 130 _____ 14 Real Estate for Sale/Lease 140 _____ 15 Due from Head Office/Branches 150 _____ 16 Real Property, Furniture, Fixtures & Equipment Net 160 _____ 17 Real and Other Properties Owned or Acquired 170 _____ Sales Contract Receivable 171 _____ Less: Allowance for Probable Losses 172 _____ Real and Other Properties Owned or Acquired Net _____ 18 Other Assets 180 _____ a. Accounts Receivable 181 _____ Allowance for Probable Losses 182 _____ Accounts Receivable Net 183 _____ b. Accrued Interest Receivable 184 _____ Allowance for Uncollected Interest 185 _____ Accrued Interest Receivable Net 186 _____ c. Deferred Income Tax 187 _____ d. Others 188 _____ TOTAL ASSETS 190 _____ LIABILITIES 19 Bills Payable 200 _____ 3, 4 & 5 a. Deposit Substitutes 201 _____ b. Interbank Borrowings 202 _____ c. Others 203 _____ Total Bills Payable _____ 20 Dealers Reserve 210 _____ 21 Deposit on Lease Contracts 220 _____ 22 Due to Head Office/Branches 230 _____ 23 Bonds Payable 240 _____ 24 Accrued Taxes and Other Expenses 250 _____ 25 Unearned Income and Other Deferred Credits 260 _____ 26 Other Liabilities 270 _____ Total Liabilities 280 _____ 27 Capital Stock 300 _____ a. Preferred 301 _____ b. Common 302 _____ c. Subscribed Preferred 303 _____ d. Subscribed Common 304 _____ Less: Subscription receivables 305 _____ e. Additional Paid-in Capital 306 _____ f. Less: Treasury Stock 307 _____ Total Capital Stock _____ 28 Retained Earnings 320 _____ a. Free 321 _____ b. Appropriated for Trust Business * 322 _____ c. Appropriated for Contingencies 323 _____ d. Appropriated Others 324 _____ Total Retained Earnings 29 Profit and Loss Summary 330 _____ 30 Net Unrealized Gains/(Losses) on Securities Available For Sale * 340 _____ 31 Appraisal Increment Reserve 350 _____ Total Stockholders' Equity 360 _____ TOTAL LIABILITIES & STOCKHOLDERS' EQUITY 370 _____ CONTINGENT ACCOUNTS 32 Contingent accounts 400 _____ a. Lease Contracts Receivable Operating Method 401 _____ b. Bills purchased/securities sold with recourse 402 _____ c. Trust Department Accounts - assets held for: 403 _____ 1) Trust and other fiduciary accounts 404 _____ 2) Common trust funds 405 _____ 3) Investment/fund management accounts 406 _____ d. Outstanding guarantees issued 410 _____ 1) Philippine peso 411 _____ 2) US dollar 412 _____ 3) Other (specify) 413 _____ e. Items held under custodianship 420 _____ f. Others (specify) 430 _____ Total Contingent Accounts _____ _____ REPUBLIC OF THE PHILIPPINES) ) S.S. ___________________________) I solemnly swear that all matters set forth in this report are true and correct to the best of my knowledge and belief. cdt _________________________ (Signature of Authorized Officer Over Printed Name) SUBSCRIBED AND SWORN TO BEFORE ME this _____ day of __________, 19_____ affiant exhibiting his/her Community Tax Certificate No. _____ issued at _______________ on _______________, Notary Public Until ____, 19_____ PTR No. __________ _______________ Doc. No. _____ Page No. _____ Book No. _____ Series of _____ n Note from the Publisher: Copied verbatim from the official document.