THE COMPLETE CAPITAL MARKET INFRASTRUCTURE

The cost of an investment property comprises its purchase price and directly. For these assets, the cost is recognized initially at fair value.

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Subsequent to initial recognition, investment property is stated at cost less accumulated depreciation and any impairment. BDO Unibank Group adopted the cost model in measuring its investment property; hence, this is carried at cost less. Depreciation and impairment loss are recognized in the same. Investment property is derecognized upon disposal or when permanently withdrawn from use and no future economic. Any gain or loss on the retirement or disposal of an investment property is recognized.

Real properties for development and sale consist of subdivision land for sale and development, and land acquired for. Real properties for development and. Costs include acquisition costs and costs. NRV is the selling price less estimated.

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Land acquired for home building, home development and other types of real estate development is also carried at the. Cost include acquisition costs and, once land development commences, the cost of. In the inancial statements of BDO Unibank Group, investments in associates are accounted for under the equity method. The cumulative post-acquisition movements.

Unrealized losses are also eliminated unless the transaction provides evidence.

Accounting policies have been changed where necessary to ensure consistency. Subsidiaries are all entities over which BDO Unibank Group has the power to govern the inancial and operating policies. The existence and effect of potential. Associates are all entities over which BDO Unibank Group has signiicant inluence but not control, generally. Premises, furniture, ixtures and equipment are carried at acquisition cost less accumulated depreciation and amortization. The revaluation increment. The cost of an asset comprises its purchase price and directly attributable costs of bringing the asset to working condition.

Expenditures for additions, major improvements and renewals are capitalized; expenditures for. When assets are sold, retired or otherwise disposed of,.

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Depreciation is computed on a straight-line basis over the estimated useful lives of the depreciable assets as follows:. Leasehold rights and improvements are amortized over the terms of the leases or the estimated useful lives of the. The residual values and estimated useful lives of premises, furniture, ixtures and equipment are reviewed and adjusted,.

An item of premises, furniture, ixtures and equipment is derecognized upon disposal or when no future economic. Any gain or loss arising on derecognition of the asset. Except as indicated otherwise, business acquisitions are accounted for using the acquisition method of accounting. Goodwill acquired in a business combination is initially measured at cost being the excess of the cost of a business. Subsequent to initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill is reviewed for impairment annually or more frequently if events or changes in circumstances indicate that the.

Impairment losses on goodwill are not reversed. For the purpose of impairment testing, goodwill is allocated to cash-generating units or groups of cash-generating units. The cash-generating units or. Gains and losses on the disposal of an interest in a subsidiary include the carrying amount of goodwill relating to it. Prior to January 1, , certain items are treated as follows as opposed to how they are now treated based on the.

Transaction costs directly attributable to business acquisition formed part of the acquisition costs. Business combinations achieved in stages were accounted for as separate steps or acquisitions.

Any additional. Contingent consideration was recognized if, and only if, payment was probable; i. BDO Unibank Group had. Subsequent adjustment to the contingent consideration was recognized as an adjustment to goodwill. Transfers of assets between commonly-controlled entities are accounted for under his to rical cost accounting.

Goodwill represents the excess of the cost of acquisition over the fair value of the net assets acquired and branch licenses. Goodwill is classiied as intangible asset with indeinite useful life, and thus, not subject to. Goodwill is subsequently carried at cost less any.

Goodwill is allocated to cash-generating units for the purpose of impairment testing. Each of those cash generating units. Acquired computer software licenses are capitalized on the basis of the costs incurred to acquire and install the speciic. These costs are amortized on straight-line basis over the expected useful life of ive years. Costs associated. Financial liabilities of the BDO Unibank Group include deposit liabilities, bills payable, derivative liabilities, subordinated. Financial liabilities are recognized when the Group becomes a party to the contractual terms of the instrument.

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Deposit liabilities and other liabilities are recognized initially at fair value and subsequently measured at amortized cost. Bills payable and subordinated notes payable, except for government inancial assistance are recognized initially at. Bills payable. Preferred shares, which carry a manda to ry coupon or are redeemable on a speciic date or at the option of the shareholder. The fair value of the liability portion of a convertible bond is determined using a market interest rate for an equivalent. This amount is recorded as a liability on an amortized cost basis until extinguished on conversion.

The remainder of the proceeds is allocated to the conversion option. This is recognized and.

Derivative liabilities are recognized initially and subsequently measured at fair value with changes in fair value recognized. Dividend distributions to shareholders are recognized as inancial liabilities when the dividends are approved by the. Assistance, whereby the loan received is initially recorded at the amount borrowed with no re-measurement to fair value. Financial liabilities are derecognized in the statement of inancial position only when the obligations are extinguished.

Financial assets and liabilities are offset and the net amount is reported in the statement of inancial position when there. The residual value of leased assets, which approximates the amount of guaranty deposit paid by the lessee at the inception. At the end of. Related party transactions are transfer of resources, services or obligations between BDO Unibank Group and its related.

Parties are considered to be related if one party has the ability to control the other party or exercise signiicant inluence. These include: a individuals owning, directly or. Unibank Group; b associates; and c individuals owning, directly or indirectly, an interest in the voting power of the.