103202014002631

SECURITIES AND EXCHANGE COMMISSION

SECBuilding,EDSA,Grccnhillo,MandaluyongCity,MctroManila,Philippine3
Tel:(632)726-0931to 39 Fax:(632)725-5293 Ernail:rnis@sec.gov.ph

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.

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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