COVER SHEET

3 4 0 0 1
S.E.C. Registration Number

B D O U N I B A N K , I N C .

(COMPANY'S FULL NAME)

B D O C O R P O R A T E C E N T E R , 7 8 9 9

M A K A T I A V E N U E , M A K A T I C I T Y
(BUSINESS ADDRESS: NO. STREET CITY/TOWN/PROVINCE)

RHODA P. LAZARO 878-4520/840-7000 loc 4520

Contact Person Company Telephone Number

0 6 3 0 S E C 1 7 - Q Every last Friday of the month of May

Month Day Form Type
Annual Meeting

Secondary License type, if applicable

C F D
Dept. Requiring this Doc. Amended Articles Number/Section

12,594 Total Amount of Borrowings

Total No.of Stockholders
Domestic Foreign

To be Accomplished by SEC Personnel concerned

File Number LCU

Document I.D. Cashier

Stamps

Remarks: Pls. Use black ink of scanning purposes

 SECURITIES AND EXCHANGE COMMISSION

SEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES

REGULATION CODE AND BRC RULES 17 (2) (b) THEREUNDER

1. For the quarter ended June 30, 2018.

2. Commission identification number 34001 3. BIR Tax Identification No. 000-708-174-000

BDO UNIBANK, INC.

4. Exact name of issuer as specified in its charter

Makati City, Philippines

5. Province, country or other jurisdiction of incorporation or organization

6. Industry Classification Code (For SEC Use Only)

BDO Corporate Center, 7899 Makati Avenue, Makati City

7. Address of issuer's principal office Postal Code

856-7434/840-7000 LOC 4575

8. Issuer's Telephone number, including area code

NA
9. Former name, former address and former fiscal year, if changed since last report

10. Securities registered pursuant to Section 8 and 12 of the Code of Section 4 and 8
of the RSA
Number of shares of Amount of
Title of each class common stock outstanding Debt Outstanding
Common stock 4,369,740,109

11. Are any or all of the securities listed on a stock exchange?

Yes [X] No. [ ]
If yes, state the name of such stock exchange and the class/es of securities listed
therein: Philippine Stock Exchange -Common Stock

12. Indicate by check mark whether the registrant:

a. has filed all reports required to be filed by Section 17 of the Code and SRC Rule 17
thereunder or Section 11 of the RSA and RSA 11 (a)-1 thereunder, and Section 26
and 141 of the Corporations Code of the Philippines, during the preceding twelve (12)
months or such shorter period the registrant was required to file such reports.

Yes [X] No. [ ]

b. has been subject to such filing requirements for the last ninety (90) days
Yes [X] No. [ ]
SEC FORM 17-Q

I hereby certify that all the information set forth in the above report are true and correct

of my own knowledge.

LUCY CO DY (EVP Comptroller)

Authorized Signatory
(PRINTED NAME & DESIGNATION)

REPUBLIC OF THE PHILIPPINES }

CITY OF MAKATI } S.S.

SUBSCRIBED AND SWORN TO before me this ______________________ day of July,

2018, the above affiant exhibiting to me his/her described Competent Evidence of Identity (“CEI”):

Name CEI Date & Place Issued

Lucy Co Dy SSS No. – 03-4074342-5 Quezon City

CTC – 24603316 02.19.2018/Makati City

Notary Public

Doc. No.
Page No.
Book No.
Series of

* To be signed by any of the following officers pursuant to a Board Resolution filed with the Commission
1. Chief Operating Officer
2. Chief Financial Officer
3. Comptroller or Treasurer

Note: Original signed

SIGNATURES

Pursuant to the requirements of the Securities Regulation Code, the issuer has duly caused this report
to be signed on its behalf by the undersigned thereunto duly authorized.

Issuer........................................................................................................... BDO UNIBANK, INC.

Signature and Title................................................................................. LUCY CO DY

EVP/COMPTROLLER

Date.......................................................................................................... July 27, 2018

Principal Financial /Accounting

Officer/Comptroller................................................................................ LUCY CO DY

Signature and Title.................................................................................

EVP/COMPTROLLER

Date......................................................................................................... July 27, 2018

Note: Original signed

 BDO UNIBANK, INC. & SUBSIDIARIES
BDO Corporate Center, 7899 Makati Avenue, Makati City

CONDENSED STATEMENTS OF FINANCIAL POSITION

(Amounts in Millions of Pesos)

Audited
As of As of
June 30, 2018 December 31, 2017
RESOURCES

CASH AND OTHER CASH ITEMS P 36,634 P 45,006

DUE FROM BANGKO SENTRAL NG PILIPINAS 367,651 353,308
DUE FROM OTHER BANKS 64,192 51,479
INVESTMENT SECURITIES
At Fair Value Through Profit or Loss 18,930 14,710
Fair Value Through Other Comprehensive Income 116,014 121,019
Held-to-Collect – net 226,633 197,198
LOANS AND OTHER RECEIVABLES–net 1,954,655 1,791,786
BANK PREMISES, FURNITURE, FIXTURES AND EQUIPMENT – net 32,767 29,346
INVESTMENT PROPERTIES 18,662 18,040
EQUITY INVESTMENTS – net 4,871 4,790
DEFERRED TAX ASSETS 7,560 7,403
OTHER RESOURCES - net 28,608 34,019

TOTAL RESOURCES P 2,877,177 P 2,668,104

LIABILITIES AND CAPITAL FUNDS

DEPOSIT LIABILITIES P P
Demand 158,551 134,931
Savings 1,481,027 1,409,256
Time 684,295 576,825
Total Deposit Liabilities 2,323,873 2,121,012
BILLS PAYABLE 133,716 130,484
SUBORDINATED NOTES PAYABLE 10,030 10,030
INSURANCE CONTRACT LIABILITIES 25,664 25,986
OTHER LIABILITIES 80,431 82,252
Total Liabilities 2,573,714 2,369,764

EQUITY
Attributable to Shareholders of the Parent Company 302,706 297,488
Non-Controlling Interest 757 852
Total Equity 303,463 298,340

TOTAL LIABILITIES AND EQUITY P 2,877,177 P 2,668,104

CONTINGENT

Trust department accounts P 1,031,647 P 1,046,158

Unused commercial letters of credit 52,134 47,553
Outstanding guarantees issued 8,373 20,221
Export L/Cs Confirmed 4,483 2,351
Bills for collection 11,734 5,125
Late deposits/payment received 2,506 1,436
Spot Exchange Bought 5,908 6,546
Spot Exchange Sold 11,192 14,054
Forward Exchange Bought 102,884 137,034
Forward Exchange Sold 120,388 128,650
Interest Rate Swap Receivable 16,668 16,481
Interest Rate Swap Payable 16,668 16,481
Other Contingent Accounts 369,570 321,089
TOTAL CONTINGENT ACCOUNTS P 1,754,155 P 1,763,179

Note: This Financial Statement is in accordance with Philippine Financial Reporting Standards(PFRS)
 BDO UNIBANK, INC. & SUBSIDIARIES
BDO Corporate Center, 7899 Makati Avenue, Makati City

CONDENSED STATEMENTS OF INCOME

(Amounts in Millions of Pesos Except Per Share Data)

For the six-month For the six-month For the For the
Period ended Period ended Quarter ending Quarter ending
June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017

INTEREST INCOME ON
Loans and Receivables P 52,600 P 41,324 P 27,447 P 21,458
Investment Securities 5,550 4,607 2,878 2,408
Due from Other Banks 905 919 501 386
Others 25 167 13 161

Total Interest Income 59,080 47,017 30,839 24,413

INTEREST EXPENSE ON
Deposit liabilities 10,769 6,963 5,809 3,531
Bills Payable and Others 2,336 1,438 1,225 709

Total Interest Expense 13,105 8,401 7,034 4,240

NET INTEREST INCOME 45,975 38,616 23,805 20,173

IMPAIRMENT LOSSES 3,541 2,906 1,741 1,483

NET INTEREST INCOME AFTER IMPAIRMENT LOSSES 42,434 35,710 22,064 18,690

OTHER OPERATING INCOME

Service Charges, Fees and Commissions 12,964 12,307 6,868 6,329
Trading Gain – net (1,933) 785 (924) 166
Trust Fees 1,664 1,594 833 799
Foreign Exchange Gain/(Loss) – net 1,879 1,768 846 988
Insurance Premiums 5,618 4,565 2,975 2,361
Miscellaneous – net 2,606 2,197 1,289 1,172

Total Other Operating Income 22,798 23,216 11,887 11,815

OTHER OPERATING EXPENSES

Employee Benefits 13,670 12,322 7,870 7,213
Occupancy 4,421 4,215 2,265 2,127
Taxes and licenses 5,779 3,942 2,870 1,948
Security, Clerical, Messengerial and Janitorial 1,779 1,594 919 804
Insurance 2,295 2,033 1,169 1,003
Advertising 1,881 1,720 1,073 896
Litigation/Assets Acquired 279 206 130 106
Policy Reserves 1,951 3,083 902 1,416
Insurance Benefits and Claims 983 815 526 472
Miscellaneous 13,757 11,969 5,945 5,053

Total Other Operating Expenses 46,795 41,899 23,669 21,038

NET INCOME BEFORE INCOME TAX 18,437 17,027 10,282 9,467

TAX EXPENSE (INCOME) 5,324 3,746 3,034 2,024

NET INCOME AFTER TAX P 13,113 P 13,281 P 7,248 P 7,443

ATTRIBUTABLE TO:
Equity holders of the parent P 13,148 P 13,271 P 7,271 P 7,440
Non-Controlling Interest (35) 10 (23) 3

P 13,113 P 13,281 P 7,248 P 7,443

AVERAGE COMMON STOCK 4,369 4,274 4,369 4,274

INCOME PER SHARE (See annex A)

Basic 2.93 3.03 1.66 1.74
Diluted 2.93 3.03 1.66 1.73

Note: This Financial Statement is in accordance with Philippine Financial Reporting Standards(PFRS)
 BDO UNIBANK, INC. & SUBSIDIARIES
BDO Corporate Center, 7899 Makati Avenue, Makati City

STATEMENTS OF COMPREHENSIVE INCOME

(Amounts in Millions of Pesos)

For the six-month For the six-month

period ending period ending
June 30, 2018 June 30, 2017

NET PROFIT 13,113 13,281

OTHER COMPREHENSIVE INCOME(LOSS)

Net unrealized fair value gains(losses) on FVOCI (5,339) 1,763

Translation adjustment related to foreign operations 45 (7)

Other Comprehensive Income, net of tax (5,294) 1,756

Items that will not be reclassified to profit or loss:

Reversal of revaluation increment
Actuarial gains (losses) on remeasurement of retirement
benefit asset, net of tax 0 0
Remeasurement on Life Insurance Reserves 2,942 (243)
2,942 (243)

Share in other comprehensive income (loss) of associates

accounted for under equity method (4) (4)

Total Other Comprehensive Income, Net of Tax (2,356) 1,509

TOTAL COMPREHENSIVE INCOME(LOSS) 10,757 14,790

Attributable To:
Shareholders of the Parent Bank 10,825 14,785
Non-controlling Interest (68) 5
10,757 14,790

Note: This Financial Statement is in accordance with Philippine Financial Reporting Standards(PFRS)
 BDO UNIBANK, INC. & SUBSIDIARIES
BDO Corporate Center, 7899 Makati Avenue, Makati City

STATEMENTS OF CHANGES IN EQUITY

COMPARATIVE PERIODS ENDED JUNE 30, 2018 AND 2017
(Amounts in Millions of Pesos)

Accumulated
Net Unrealized Total
Accumulated Remeasurement Accumulated Share in Other Non-
Common Preferred Additional Paid- Surplus Other Fair Value Revaluation Attributable to
Surplus Free Actuarial on Life Insurance Translation Comprehensive Controlling Total Equity
Stock Stock in Capital Reserves Reserves Gain(Losses) on Increment Shareholders of
Gains/(Losses) Reserves Adjustment Income(Loss) Interest
FVOCI the Parent Bank
of Associates

Balance at January, 2018

As previously stated P 43,690 P 5,150 P 122,966 P 3,354 P 11 P 133,529 (P 3,991) (P 6,805) P 1,008 (P 1,398) (P 21) (P 5) P 297,488 P 852 P 298,340
Effect of restatement due to addition of PFRS 9 71 (4,645) 1,869 (P 2,705) (P 2,705)
As restated 43,690 5,150 122,966 3,425 11 128,884 (2,122) (6,805) 1,008 (1,398) (21) (5) 294,783 852 295,635

Transactions with owners

Issuance of primary shares 7 54 61 61
Cash Dividends (2,961) (2,961) (26) (2,987)
Total transactions with owners 7 0 54 0 0 (2,961) 0 0 0 0 0 0 (2,900) (26) (2,926)

Total comprehensive income (loss) 13,148 (5,306) 0 2,942 45 (4) 10,825 (68) 10,757

Transfer to/(from) Surplus Free

Trust reserves 70 (70) 0 0
Reversal of appropriation during the year (200) 200 0 0
Additional appropriation 70 (70) 0 0
0 0 0 (60) 0 60 0 0 0 0 0 0 0 0 0

Other Adjustments
Change in ownership interest in subsidiaries (2) (2) (1) (3)
0 0 0 0 (2) 0 0 0 0 0 0 0 (2) (1) (3)

Balance at June 30, 2018 P 43,697 P 5,150 P 123,020 P 3,365 P 9 P 139,131 (P 7,428) (P 6,805) P 1,008 P 1,544 P 24 (P 9) P 302,706 P 757 P 303,463

Balance at January, 2017 P 36,500 P 5,150 P 70,127 P 2,972 P 12 P 111,423 (P 3,919) (P 4,259) P 1,008 (P 2,183) (P 13) (P 2) P 216,816 P 743 P 217,559

Transactions with owners

Issuance of primary shares 11 50 61 61
Stock rights offer 7,164 52,663 59,827 59,827
Cash Dividends (2,960) (2,960) (50) (3,010)
Total transactions with owners 7,175 0 52,713 0 0 (2,960) 0 0 0 0 0 0 56,928 (50) 56,878

Total comprehensive income 13,271 1,767 1 (243) (7) (4) 14,785 5 14,790

Transfer to/(from) Surplus Free

Trust reserve 66 (66) 0 0
Self Insurance 7 (7) 0 0
Additional appropriation 5 (5) 0 0
0 0 0 78 0 (78) 0 0 0 0 0 0 0 0 0

Other Adjustments
Change in ownership interest in subsidiaries 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Balance at June 30, 2017 P 43,675 P 5,150 P 122,840 P 3,050 P 12 P 121,656 (P 2,152) (P 4,258) P 1,008 (P 2,426) (P 20) (P 6) P 288,529 P 698 P 289,227
 BDO UNIBANK, INC. & SUBSIDIARIES
CASH FLOW STATEMENTS
FOR THE PERIODS ENDED June 30, 2018 AND 2017
(Amounts in Millions of Pesos)

2018 2017

CASH FLOWS FROM OPERATING ACTIVITIES

Profit before tax 18,437 17,027
Adjustments for:
Interest income (59,080) (47,017)
Interest received 57,069 45,769
Interest expense 13,105 8,401
Interest paid (12,152) (8,704)
Impairment losses 3,541 2,906
Depreciation and amortization 2,596 2,679
Share in (profit)loss of associates (324) (309)
Fair value loss (gain) 1,697 (155)
Operating profit before changes in operating
resources and liabilities 24,889 20,597
Decrease (increase) in financial assets at fair value
through profit or loss (5,890) (3,047)
Decrease (increase) in loans and other receivables (158,130) (103,606)
Decrease (increase) in investment properties (1,045) (584)
Decrease (increase) in other resources 774 (2,921)
Increase (decrease) in deposit liabilities 202,224 74,644
Increase (decrease) in insurance contract liabilities 2,620 3,351
Increase (decrease) in other liabilities 2,584 3,335
Cash generated from (used in) operations 68,026 (8,231)
Cash paid for income tax (5,253) (3,873)

Net Cash From (Used in) Operating Activities 62,773 (12,104)

CASH FLOWS FROM INVESTING ACTIVITIES

Acquisition of premises, furniture, fixture and equipment (5,159) (2,259)
Proceeds from disposals of premises, furniture, fixture and equipment 113 43
Acquisition of Held to collect investments (51,819) (65,736)
Maturities of Held to collect investments 26,085 34,508
Proceeds from disposal of FVOCI securities 30,637 27,602
Acquisition of FVOCI securities (30,901) (37,073)

Net Cash From (Used in) Investing Activities (31,044) (42,915)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from issuance of common stock 61 61
Net proceeds from issuance of Stock Rights 0 59,827
Proceeds from bills payable 165,292 143,779
Payments of bills payable (162,347) (147,786)
Dividends paid (2,987) (3,010)

Net Cash From (Used in) Financing Activities 19 52,871

NET INCREASE (DECREASE) IN CASH

AND CASH EQUIVALENTS 31,748 (2,148)

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR

Cash and other cash items 45,006 40,909
Due from Bangko Sentral ng Pilipinas 353,308 318,002
Due from other banks 51,479 41,794
Held to Collect Securities 2,097 894
SPURRA 18,260 14,302
Interbank Loans Receivable 31,576 72,749
FCNC 3,695 3,338

505,421 491,988

CASH AND CASH EQUIVALENTS AT END OF THE PERIOD

Cash and other cash items 36,634 31,633
Due from Bangko Sentral ng Pilipinas 367,651 338,304
Due from other banks 64,192 33,770
Held to Collect Securities 5,365 13,429
SPURRA 18,764 30,530
Interbank Loans Receivable 40,576 38,903
FCNC 3,987 3,271

537,169 489,840
 BDO UNIBANK, INC. & SUBSIDIARIES
BDO Corporate Center, 7899 Makati Avenue, Makati City

AGING OF LOANS AND ACCOUNTS RECEIVABLE

As of June 30, 2018
(Amounts in Millions of Pesos)

90 DAYS OR 181 DAYS AND

TYPE OF ACCOUNTS Current 91 - 120 DAYS 121 - 180 DAYS TOTAL
LESS OVER

A. INTERBANK TERM LOANS RECEIVABLES P 46,432 P 0 P 0 P 0 P 0 P 46,432

B. LOANS AND RECEIVABLES P 1,914,944 P 5,920 P 1,027 P 2,119 P 19,103 P 1,943,113

Loans & Discounts 1,640,001 3,825 727 1,630 13,086 1,659,269

Agri - Agra Loans 101,388 482 2 1 82 101,955
Bills Purchased 15,815 0 0 0 27 15,842
Customers Liability on Draft under LC/TR 57,098 20 0 0 503 57,621
Customers Liability for this Bank's Acceptances 3,166 0 0 0 0 3,166
Credit Card Receivables 62,354 1,440 238 419 1,884 66,335
Restructured Loans 4 0 0 19 1,086 1,109
Reverse Repurchase Agreement 18,764 0 0 0 0 18,764
Unquoted Debt Securities Classified as Loans 4,453 0 0 0 1,392 5,845
Other Loans & Receivables 11,901 153 60 50 1,043 13,207

C. ACCOUNTS RECEIVABLE P 3,294 P 916 P 133 P 385 P 1,753 P 6,481

TOTAL P 1,964,670 P 6,836 P 1,160 P 2,504 P 20,856 P 1,996,026

 Annex A

BDO UNIBANK, INC. & SUBSIDIARIES

7899, BDO Corporate Center, Makati Avenue, Makati City

COMPUTATION OF WEIGHTED NUMBER OF COMMON SHARES

(Amounts in Millions of Pesos Except Per Share Data)

2018 2017
NO. OF SHARES – COMMON Outstanding Balance Average Number of Outstanding Balance Average Number of
As of June of Common Shares Common Shares of Common Shares Common Shares

January 4,369 748 3,808 655

February 4,369 676 4,367 676
March 4,369 748 4,367 748
April 4,370 725 4,367 724
May 4,370 748 4,367 748
June 4,370 724 4,368 724

Weighted Average 4,369 4,274

Basic Earnings per share

Net profit attributable to shareholders of the Parent Bank 13,148 13,271

Less: Dividends on preferred shares 339 340
Net profit available to common shares 12,809 12,931
Divided by the weighted average number of
outstanding common shares 4,369 4,274
Basic Earnings per share 2.93 3.03

Diluted Earnings Per Share

Net profit attributable to shareholders of the Parent Bank 12,809 * 12,931 *
Divided by the weighted average number of
outstanding common shares:
Weighted Average number of common shares 4,369 4,274
Potential common shares from assumed conversion of preferred shares * *
Potential common shares from assumed conversion of stock option plan ** **
Total weighted average number of common shares after assumed
conversion of convertible preferred shares 4,369 4,274
Diluted Earnings Per Share 2.93 3.03

Note:
* Net profit attributable to shareholders of the Parent Bank is reduced by dividends on
preferred shares as these were not assumed to be converted.

** Potential common shares from assumed conversion of stock option plan are
partially purchased in the secondary market and partially made through primary
issuance but do not significantly affect the computation of diluted earnings per share.
BDO Unibank, Inc. & Subsidiaries
Balances by Segment
As of June 30, 2018
(Amounts in Millions of Pesos)

Commercial Banking Investment Banking Private Banking Leasing & Finance Insurance Others Total Eliminations Group

Statement of Income
Total Interest Income
External 56,739 23 845 954 514 5 59,080 0 59,080
Inter-Segment 102 2 0 0 10 15 129 (129) 0
56,841 25 845 954 524 20 59,209 (129) 59,080

Total Interest Expense

External 12,286 2 325 452 38 2 13,105 0 13,105
Inter-Segment 13 25 0 60 0 31 129 (129) 0
12,299 27 325 512 38 33 13,234 (129) 13,105

Net Interest Income 44,542 (2) 520 442 486 (13) 45,975 0 45,975

Other Operating Income

Investment Banking Fees 0 633 0 0 0 0 633 0 633
Others 16,795 150 500 629 4,684 288 23,046 (881) 22,165
16,795 783 500 629 4,684 288 23,679 (881) 22,798

Other Operating Expenses

Depreciation and Amortization 2,088 25 16 437 18 12 2,596 0 2,596
Impairment Losses 3,502 0 0 29 10 0 3,541 0 3,541
Others 38,516 513 692 376 4,366 198 44,661 (462) 44,199
44,106 538 708 842 4,394 210 50,798 (462) 50,336

Profit before Tax 17,231 243 312 229 776 65 18,856 (419) 18,437
Tax Expense 4,631 108 106 51 411 17 5,324 0 5,324
Net Profit 12,600 135 206 178 365 48 13,532 (419) 13,113

Statements of Financial Position

Total Resources
Segment Assets 2,751,133 6,783 58,793 41,004 38,692 5,640 2,902,045 (40,874) 2,861,171
Intangible Assets 5,316 135 21 22 44 1 5,539 2,907 8,446
Deferred Tax Assets 7,578 (181) 30 122 28 (17) 7,560 0 7,560
2,764,027 6,737 58,844 41,148 38,764 5,624 2,915,144 (37,967) 2,877,177
Total Liabilities 2,456,458 2,462 53,789 36,013 31,695 2,475 2,582,892 (9,178) 2,573,714

Other Segment Information

Capital expenditures 6,028 15 8 388 41 23 6,503 0 6,503
Investment in associate under
equity method 4,777 0 0 249 0 0 5,026 0 5,026
Share in the Profit of associates 341 0 0 (17) 0 0 324 0 324
BDO Unibank, Inc. & Subsidiaries
Balances by Segment
As of June 30, 2017
(Amounts in Millions of Pesos)

Commercial Banking Investment Banking Private Banking Leasing & Finance Insurance Others Total Eliminations Group

Statement of Income
Total Interest Income
External 44,800 30 873 942 367 5 47,017 0 47,017
Inter-Segment 120 3 0 0 8 4 135 (135) 0
44,920 33 873 942 375 9 47,152 (135) 47,017

Total Interest Expense

External 7,753 0 288 327 31 2 8,401 0 8,401
Inter-Segment 12 23 0 79 0 21 135 (135) 0
7,765 23 288 406 31 23 8,536 (135) 8,401

Net Interest Income 37,155 10 585 536 344 (14) 38,616 0 38,616

Other Operating Income

Investment Banking Fees 0 892 0 0 0 0 892 0 892
Others 17,135 245 376 578 6,738 218 25,290 (2,966) 22,324
17,135 1,137 376 578 6,738 218 26,182 (2,966) 23,216

Other Operating Expenses

Depreciation and Amortization 2,194 22 13 409 27 14 2,679 0 2,679
Impairment Losses 2,877 3 1 25 0 0 2,906 0 2,906
Others 32,801 442 674 315 5,270 175 39,677 (457) 39,220
37,872 467 688 749 5,297 189 45,262 (457) 44,805

Profit before Tax 16,418 680 273 365 1,785 15 19,536 (2,509) 17,027
Tax Expense 3,131 165 104 91 252 3 3,746 0 3,746
Net Profit 13,287 515 169 274 1,533 12 15,790 (2,509) 13,281

Statements of Financial Position

Total Resources
Segment Assets 2,337,954 6,572 72,009 41,606 36,958 5,351 2,500,450 (44,418) 2,456,032
Intangible Assets 5,278 134 23 37 36 2 5,510 2,907 8,417
Deferred Tax Assets 6,404 (196) 35 68 4 (25) 6,290 0 6,290
2,349,636 6,510 72,067 41,711 36,998 5,328 2,512,250 (41,511) 2,470,739
Total Liabilities 2,057,066 2,734 66,464 36,564 29,207 2,193 2,194,228 (12,716) 2,181,512

Other Segment Information

Capital expenditures 2,687 25 7 245 17 290 3,271 0 3,271
Investment in associate under
equity method 4,482 0 0 265 0 0 4,747 0 4,747
Share in the Profit of associates 324 0 0 (15) 0 0 309 0 309