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    BDO Audited Financial Statement 2013

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    Raquel Macapagal Carpio
    The independent auditors expressed an unqualified opinion on the financial statements of BDO Unibank, Inc. and subsidiaries for the years ended December 31, 2013, 2012 and 2011. The auditors stated that management is responsible for the preparation and fair presentation of the financial statements in accordance with Philippine financial reporting standards for banks. The auditors' responsibility is to express an opinion on the financial statements based on their audits conducted in accordance with Philippine Standards on Auditing. In the auditors' opinion, the financial statements present fairly in all material respects the financial position, financial performance and cash flows of BDO Unibank Group and Parent Bank for the years ended December 31, 2013, 2012 and 2011.

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    BDO Audited Financial Statement 2013

    Uploaded by

    Raquel Macapagal Carpio
    317 views187 pages
    The independent auditors expressed an unqualified opinion on the financial statements of BDO Unibank, Inc. and subsidiaries for the years ended December 31, 2013, 2012 and 2011. The auditors stated that management is responsible for the preparation and fair presentation of the financial statements in accordance with Philippine financial reporting standards for banks. The auditors' responsibility is to express an opinion on the financial statements based on their audits conducted in accordance with Philippine Standards on Auditing. In the auditors' opinion, the financial statements present fairly in all material respects the financial position, financial performance and cash flows of BDO Unibank Group and Parent Bank for the years ended December 31, 2013, 2012 and 2011.

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    A scanned copy of BDO FS under Sec - study purposes

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    The independent auditors expressed an unqualified opinion on the financial statements of BDO Unibank, Inc. and subsidiaries for the years ended December 31, 2013, 2012 and 2011. The auditors stated that management is responsible for the preparation and fair presentation of the financial statements in accordance with Philippine financial reporting standards for banks. The auditors' responsibility is to express an opinion on the financial statements based on their audits conducted in accordance with Philippine Standards on Auditing. In the auditors' opinion, the financial statements present fairly in all material respects the financial position, financial performance and cash flows of BDO Unibank Group and Parent Bank for the years ended December 31, 2013, 2012 and 2011.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    317 views187 pages

    BDO Audited Financial Statement 2013

    Uploaded by

    Raquel Macapagal Carpio
    The independent auditors expressed an unqualified opinion on the financial statements of BDO Unibank, Inc. and subsidiaries for the years ended December 31, 2013, 2012 and 2011. The auditors stated that management is responsible for the preparation and fair presentation of the financial statements in accordance with Philippine financial reporting standards for banks. The auditors' responsibility is to express an opinion on the financial statements based on their audits conducted in accordance with Philippine Standards on Auditing. In the auditors' opinion, the financial statements present fairly in all material respects the financial position, financial performance and cash flows of BDO Unibank Group and Parent Bank for the years ended December 31, 2013, 2012 and 2011.

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    of 187

    103202014002631

    SECURITIES AND EXCHANGE COMMISSION


    SECBuilding,EDSA,Grccnhillo,MandaluyongCity,MctroManila,Philippine3
    Tel:(632)726-0931to 39 Fax:(632)725-5293 Ernail:[email protected]

    Barcode Page
    The following document has been received:
    Recelvlng OfficerlEncoder : Julius N. Salustiano
    Receiving Branch
    : SEC Head Office
    Receipt Date and Time : March 20, 2014 05:17:29 PM
    Received From
    : Head Office
    Company Representative
    Doc Source
    Company lnformation
    SEC Registration No.
    Company Name
    Industry Classification
    Company Type

    0000034001
    BDO UNIBANK, INC. DOING BUSINESS UNDER ANY OF T
    HE FOLLOWING NAMES AND STYLES: BDO, BDO UNIBANK, BANCO
    Stock Corporation

    Document lnformation
    Document ID
    Document Type
    Document Code
    Period Covered
    No. of Days Late
    Department
    Remarks

    103202014002631
    FINANCIAL STATEMENT-ANNUAL
    FS
    December 31,2013
    0
    CEDlCRMD

    S.E.C. Registration Number

    (Company's Full Name)

    (Busir~essAddress: Nu. SlreeU City1Tuwril Pruvir~ce)

    Attv. Elmer B. Serrano


    Contact Person

    Month

    Company Telephone Number

    Last Friday

    Audited Financial
    Statement

    Day

    Fiscal Year

    Month

    rORM TYPE

    Day

    Annual Meeting

    ..

    Secondary License Type, If Applicable

    Amended Articles NumberISection

    Dept. Requiring this Doc.

    Total Amount of Borrowings

    I
    Domestic

    Total No. of Stockholders

    To be accompanied by SEC Personnel concerned

    File Number

    P
    Document I.D.

    STAMPS

    Foreign

    STATBhIENT O F MANAGEMENT'S lIESPONSII3ILI1'Y


    F O R FINANClAL S'TATEhIENTS
    T h e management of BDO Unibank, Inc. (the Bank), is responsible for the preparation and
    fair presentation nf the financial statements for the years ended December 31, 2013, 2012 and
    201 1 in accordance with the financial reporting standards in the Phhppines for banks, including
    the following adhtional supplemental information filed separately from the basic financial
    statements:
    a. Supplementary Schedules required under Annex 68-E of the Securities Regulation
    Code Rule 68;
    b. Reconchation of Retained Earnings Available for Dividend Declaration;
    c. Schedule of P u p p i n e Financial Reporting Standards and Interpretations adopted by
    the Securities and Exchange Commission and the Financial Reporting Standards
    Council as of December 31,2013; and,
    d. Map Showing the Relationship Between and Among the Bank and its Related Entities.
    Management responsibhty o n the finallcia1 statements includes designing and implementing
    internal conttols relevant to the preparation and fair presentation of financial statements that
    are free from material misstatement, whether due to fraud or error, selecting and appl-iring
    appropliate accounting policies, and malung accounting estimates that are reasonable in the
    circumstances.
    The Board of Directors reviews and approves the financial statements, and the additional
    supplemental information, and submits the same to the stockholders.
    Punongbayan & Araullo, the independent auditors appointed by the stockholders, has examined
    the Financial statements of the Bank in accordance with Phdippine Standards on fluchting and,
    in its report to the Board of Directors and stockholders, has expressed its opinion on the
    fairness of presentation upon completion of such examination.

    Signature

    ,-

    TERESI'I'A T . SY
    Chairman of the ~ o a r d Signature :

    w'...
    1

    tF-

    NESTOR V. TAN
    President
    signature :

    P DRO
    T easu r
    Banco de Oro
    BDO Corporate Center

    7899 Makati Avenue


    Makati City 0726, Philippines
    Swift Codc :BNORPHMM

    Tel+63(2) 840 7000

    LORESCIO I11

    'k
    U

    Signed this 05 day of March 2014

    SUBSCRIBED and SLVORN to me before this - day of MAR


    me their Competent Evidence of Identity (CEI), as follows:
    Name

    CEI Number

    '

    201!2014 a f f i a n t rrhihiting tn

    Date & Place of Issue

    1. Teresita T. Sy

    Passport No. - El30826424


    CTC ]Yo. - 10712237

    08.25.2010/Manila
    02.14.2014/Mada

    2. Nestor V. Tan

    Passport No. - EB7352142


    CTC No. - 02254577

    02.1 1.2013/Manila
    02.10.2014/Makati

    3. Pedro M. Florescio I11

    Passport No. - EB1502366


    CTC No. - 35449562

    12.03.2010/Manila
    02.10.2014/Manila

    WITNESS BY HAND AND SEAL on the day frrst above-mentioned in Makati City

    Doc. No. 4 6 11
    Page No. In
    BookI\Jo. T
    Series of 2014

    Makati City, Philippines


    A p p o i i l t ~ n tNO. M-388

    14/F BDO Nor!!! 'Tiwer; BDO Corporate Center


    7899 /*Takati iivenue, Makati City
    Po!! No. 35632
    IBP Lifetime Member No. 03168
    PTR No. 3673397, 1/4/2013, Makati City
    MCLE Compliance Ko. 111-0004287, 7/28/2009

    Banco de Oro

    ED0 Corporate Center

    7899 Makati Avenue


    Makati City 0726. Philippines
    Swift Code : BNORPHMM
    Tel+63(2) 840 7000

    ;@ Punongbayan &ArauIlo
    An instinct for growth

    Report of Independent Auditors


    To Accompany SEC Schedules
    Filed Separately from the Basic
    Financial Statements

    l l l t h and 20th Floors, Tower 1


    The Enterprise C e ~ l t e ~
    6766 Ayala Avenue
    1200 Makati City
    Philippines

    T h e Board of Directors
    B D O Unibank, Inc.
    BDO Corporate Center
    7899 Makati Avenue, Makati City

    We have audited the financial statements of BDO Unibank, Inc. and subsidiaries
    (together hereinafter referred to as the BDO Unibank Group) and BDO Unibank, Inc.
    (the Parent Bank) for the year ended December 31,2013, on whch we have rendered
    the attached report dated March 1,2014. Our audlt was made for the purpose of
    forming an opinion on the basic financial statements taken as a whole. The applicable
    supplementary information (see List of Supplementary Information) as of
    December 31,2013 are presented for purposes of additional analysis in compliance with
    the requirements of the Securities Regulation Code Rule 68 and are not a required part
    of the basic financial statements prepared in accordance with financial reporting
    standards in the Phihppines for banks. The supplementary information has beeri
    subjected to the auditing procedures applied in the audit of the basic financial
    statements and, in our opinion, is fairly stated in all material respects in relation to the
    basic financial statements taken as a whole.

    PUNONGBAYAN & ARAULLO

    CPA Reg. No. 0095626


    TIN 906-174-059
    PTR No. 422501 1, January 2,2014, Makati City
    SEC Group A Accreditation
    Partner - No. 0628-AR-2 (until Sept. 5,2016)
    Firm - No. 0002-FK-3 (until Jan. 18,201 5)
    BIR AN 08-002511-22-2013 (until Nov. 7,2016)
    Firm's BOA/l'KC Cert. of Reg. No. 0002 (until Dec. 31,2015)

    March 1,2014
    Certified Public Accountants
    P&A is a member firm within Grant Thomton International Ltd

    Gffices in Cebu. Davao. Cavite


    BONPRC Cert. of Reg. No. 0002
    SEC Group A Accreditatlon No. 0002-FR-3

    YI

    0 Punongbayan &Araullo
    An instinct for growtK

    Financial Statements and


    Independent Auditors7Report

    BDO Unibank, Inc. and Subsidiaries


    December 31,2013,2012 and 201 1

    Member of Grant Thornton InternationalUd

    Punongbayan &ArauIIo
    An instinct for growth'"

    Report of Independent Auditors

    19th and 2 0 t h Floors, Tower 1


    The Enterprise Center
    6766 Ayala Avenue
    1 2 0 0 Makati City
    Philippines

    T h e Board of Directors and Stockholders


    B D O Unibank, Inc.
    BDO Corporate Center
    7899 Makati Avenue, Makati City

    We have audted the accompanying financial statements of BDO Unibank, Inc. and
    subsidiaries (together hereinafter referred to as the BDO Unibank Group) and
    BDO Unibank, Inc. (the Parent Bank), which comprise the statements of financial
    position as at December 31,2013,2012 and 2011, and the statements of income,
    statements of comprehensive income, statements of changes in equity and statements
    of cash flows for the years then ended, and a summary of significant accounting
    policies and other explanatory information.

    Management's Re~fionsibibgforthe .Finand Statements


    Management is responsible for the preparation and fair presentation of these financial
    statements in accordance with the financial reporting standards in the Philippines for
    banks as described in Note 2 to the financial statements, and for such internal control
    as management determines is necessary to enable the preparation of financial
    statements that are free from material misstatement, whether due to fraud or error.

    Certified Public Accountsntr


    P&A is a rnernberfln within Grant Thornton International Ltd

    Onices in Cebu, Davaa, Cavite


    BONPRC Ceit. of Reg. No. 0002
    SEC Group A Accreditation Na. 0002-FR-3

    io
    qt

    Punongbayan &Araullo
    An instinct for growth'"

    -2-

    Our responsibility is to express an opinion on these financial statements based on our


    audits. We conducted out audits in accordance with Philippine Standards o n
    Auditing. Those standards require that we comply with ethical requirements and plan
    and perform the audit to obtain reasonable assurance about whether the hnancial
    statements are free from material misstatement.
    An audit involves performing procedures to obtain audit evidence about the amounts
    and disclosures in the financial statements. The procedures selected depend on the
    auditor's judgment, including the assessment of the risks of material misstatement of
    the financial statements, whether due to fraud or error. In making those risk
    assessments, the auditor considers internal control relevant to the entity's preparation
    and fair presentation of the financial statements in order to design a u d t procedures
    that are appropriate in the circumstances, but not for the purpose of expressing an
    opinion on the effectiveness of the entity's internal control. An audit also includes
    evaluating the appropriateness of accounting policies used and the reasonableness of
    accounting estimates made by management, as well as evaluating the overall
    presentation of the financial statements.
    We believe that the audit evidence we have obtained is sufficient and appropriate to
    provide a basis for our audit opinion.

    Opinion
    In our opinion, the financial statements present fairly, in all material respects, the
    financial position of the BDO Unibank Group and of the Parent Bank as at
    December 31,201 3,2012 and 201 1, and their financial performance and their cash
    fluws fur the years then ended, in accordance with financial reporting standards in the
    Philippines for banks as described in Note 2 to the hnancial statements.

    -,i

    . ,;,..; :

    -77-1

    I;:,\.!.:\!\).:~\\,
    I{\.\'l*,,%L:l
    i,;,,i;\;,<;.I.;,:,;
    ~ I > ; ~ \ ~ ~ S ; ~!~,l{.\'l~.:l~:
    ~ <
    * . . , , . "!
    l,~~,,i:i;i,,~~
    !,:>:,!.;,\'!:,!<>:~\;;;;!~:i'~!~:~~'l~,
    ')I\!!,:!(.,..\
    1
    --.---.,5!. i ,

    I . . .

    -1

    11:

    Certdied Public Accountants


    P&A is a member firm within Grant ThomtDn International Ltd

    Punongbayan &Araullo
    An instinct for growth'"

    -3-

    Emphasis ofa Matter


    As discussed in Note 27 to the financial statements, the Parent Bank presented the
    supplementary information required by the Bureau of Internal Revenue for the year
    ended December 31,2013 in a supplementary schedule filed separately from the basic
    financial statements. Such supplementary information is the responsibility of
    management. The supplementary information is presented for purposes of additional
    analysis and is not a required part of the basic financial statements prepared in
    accordance with the financial reporting standards in the Philippines for banks; it is
    neither a required disclosure under Philippine Securities and Exchange Commissior,
    rules and regulations covering form and content of financial statements under
    Securities Regulation Code 68.

    PUNONGBAYAN & ARAULLO

    CPA Keg. No. 0095626


    TIN 906-174-059
    PTR No. 4225011, January 2,2014, Makati City
    SEC Group A Accreditation
    Parltlu - No. OG25-AR-2 (~mljlScpt. 5,201G)
    Firm - No. 0002-FR-3 (until Jan. 18,2015)
    HTR AN 08-00251 1-22-2013 (until Nov. 7,2016)
    Firm's BOA/PRC Cert. of Reg. No. 0002 (until Dec. 31,2015)

    March 1,2014

    Cerlified Publlc Accountants


    P&A is a member firm within Grant Thomton International Lid

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