Control No.

:
Form Type: IHFS (rev 2006)
SPECIAL FORM FOR FINANCIAL STATEMENTS OF INVESTMENT HOUSES
NAME OF CORPORATION:
CURRENT ADDRESS:
TEL. NO.: FAX NO.:
COMPANY TYPE : PSIC:
If these are based on consolidated financial statements, please so indicate in the caption.

Table 1. Balance Sheet

2005 2004
FINANCIAL DATA ( in P'000 ) ( in P'000 )
A. ASSETS (A.1 + A.2 + A.3 + A.4 + A.5 + A.6 + A.7+ A.8 + A.9 + A.10)
A.1 Current Assets (A.1.1 + A.1.2 + A.1.3 + A.1.4)
A.1.1 Financial Assets at Fair Value through Profit or Loss (FVTPL) - issued by domestic entities:
(A.1.1.1+A.1.1.2+A.1.1.3+A.1.1.4+A.1.1.5+A.1.1.6+A.1.1.7+A.1.1.8+A.1.1.9)
A.1.1.1 Cash and cash equivalents (A.1.1.1.1 + A.1.1.1.2 + A.1.1.1.3 + A.1.1.1.4 )
A.1.1.1.1 On hand
A.1.1.1.2 In domestic banks
A.1.1.1.3 In foreign banks
A.1.1.1.4 Checks and Other Cash Items (COCI), specify if domestic or foreign
A.1.1.2 Due from Bangko Sentral ng Pilipinas
A.1.1.3 Interbank Call Loans Receivable
A.1.1.4 Trading Account Securities (TAS)
A.1.1.5 Securities purchased under agreements to sell
A.1.1.6 Investment in bonds and other debt instruments (IBODI)
A.1.1.7 Loans and Discounts - current portion
A.1.1.8 Investment in Shares of Stocks (not accounted for under the equity method)
A.1.1.9 Foreign Currency notes and Coins
A.1.2 Loans and Receivables - issued by domestic entities: (A.1.2.1 + A.1.2.2 + A.1.2.3 + A.1.2.4
+ A.1.2.5 + A.1.2.6 + A.1.2.7 + A.1.2.8 + A.1.2.9+ A.1.2.10 + A.1.2.11)
A.1.2.1 Interbank Call Loans Receivable
A.1.2.2 Loans and Discounts
A.1.2.2.1 Due from domestic entities
(A.1.2.2.1.1+A.1.2.2.1.2+A.1.2.2.1.3)
A.1.2.2.1.1 Due from customers (trade)
A.1.2.2.1.2 Due from related parties
A.1.2.2.1.3 Others
A.1.2.2.2 Allowance for doubtful accounts (negative entry)
A.1.2.2.3 Due from foreign entities, specify
(A.1.2.2.3.1+A.1.2.2.3.2+A.1.2.2.3.3+A.1.2.2.3.4+A.1.2.2.3.5)
A.1.2.2.3.1
A.1.2.2.3.2
A.1.2.2.3.3
A.1.2.2.3.4
A.1.2.2.3.5
A.1.2.2.4 Allowance for doubtful accounts (negative entry)
A.1.2.3 Accounts Receivable
A.1.2.4 Sales Contract Receivable
A.1.2.5 Past Due Loans Receivable
A.1.2.6 Restructured Loans
A.1.2.7 Accrued interest receivable
A.1.2.8 Investment in bonds and other debt instruments (IBODI)
A.1.2.9 Other Loans Receivable (specify)
(A.1.2.9.1+ A.1.2.9.2+A.1.2.9.3+A.1.2.9.4+A.1.2.9.5)
A.1.2.9.1
A.1.2.9.2
A.1.2.9.3
A.1.2.9.4
A.1.2.9.5
A.1.2.10 Allowance for Probable Losses (negative entry)
A.1.2.11 General Loan Loss Provision (negative entry)
Note:
This special form is applicable to Investment Houses and Underwriter of Securities. As a supplemental form to IHFS, it shall be used for reporting Consolidated
Financial Statements of Parent Companies and their subsidiaries.

Domestic corporations are those which are incorporated under Philippine laws or branches/subsidiaries of foreign corporations that are licensed to do business in the
Philippines where the center of economic interest or activity is within the Philippines. On the other hand, foreign corporations are those that are incorporated abroad,
including branches of Philippine corporations operating abroad.

Financial Institutions are corporations principally engaged in financial intermediation, facilitating financial intermediation, or auxiliary financial services. Non-Financial
institutions refer to corporations that are primarily engaged in the production of market goods and non-financial services.

Page 1
 Control No.:
Form Type: IHFS (rev 2006)
SPECIAL FORM FOR FINANCIAL STATEMENTS OF INVESTMENT HOUSES
NAME OF CORPORATION:
CURRENT ADDRESS:
TEL. NO.: FAX NO.:
COMPANY TYPE : PSIC:
If these are based on consolidated financial statements, please so indicate in the caption.

Table 1. Balance Sheet

2005 2004
FINANCIAL DATA ( in P'000 ) ( in P'000 )
A.1.3 Financial Assets other than Cash/Receivables/Equity investments (A.1.3.1 + A.1.3.2 + A.1.3.3)
A.1.3.1 Held to Maturity Investments (HTM) - issued by domestic entities:
(A.1.3.1.1 + A.1.3.1.2 + A.1.3.1.3 + A.1.3.1.4 + A.1.3.1.5)
A.1.3.1.1 Interbank Call Loans Receivable
A.1.3.1.2 Trading Account Securities (TAS)
A.1.3.1.3 Securities purchased under agreements to sell
A.1.3.1.4 Investment in bonds and other debt instruments (IBODI)
A.1.3.1.5 Loans and Discounts
A.1.3.2 Available-for-sale (AFS) financial assets - issued by domestic entities:
(A.1.3.2.1 + A.1.3.2.2 + A.1.3.2.3 + A.1.3.2.4 + A.1.3.2.5)
A.1.3.2.1 Interbank Call Loans Receivable
A.1.3.2.2 Trading Account Securities (TAS)
A.1.3.2.3 Securities purchased under agreements to sell
A.1.3.2.4 Investment in bonds and other debt instruments (IBODI)
A.1.3.2.5 Underwriting Accounts (UAs) (A.1.3.2.5.1 + A.1.3.2.5.2)
A.1.3.2.5.1 Debt Securities
A.1.3.2.5.2 Equity Securities
A.1.3.3 Financial Assets issued by foreign entities: (A.1.3.3.1+A.1.3.3.2+A.1.3.3.3+A.1.3.3.4)
A.1.3.3.1 Financial Assets at fair value through profit or loss
A.1.3.3.2 Held-to-maturity investments
A.1.3.3.3 Loans and Receivables
A.1.3.3.4 Available-for-sale financial assets
A.1.4 Other Current Assets (state separately material items) (A.1.4.1+A.1.4.2+A.1.4.3)
A.1.4.1
A.1.4.2
A.1.4.3
A.2 Long-term receivables (net of current portion) (A.2.1 + A.2.2 + A.2.3)
A.2.1 From domestic entities, specify (A.2.1.1 + A.2.1.2 + A.2.1.3 + A.2.1.4)
A.2.1.1
A.2.1.2
A.2.1.3
A.2.1.4 `
A.2.2 From foreign entities, specify (A.2.2.1 + A.2.2.2 + A.2.2.3 + A.2.2.4)
A.2.2.1
A.2.2.2
A.2.2.3
A.2.2.4
A.2.3 Allowance for doubtful accounts, net of current portion (negative entry)
A.3 Property, plant, and equipment (A.3.1 + A.3.2 + A.3.3 + A.3.4 + A.3.5 + A.3.6 + A.3.7+ A.3.8 + A.3.9)
A.3.1 Land
A.3.2 Building and improvements including leasehold improvement
A.3.3 Office Equipment
A.3.4 Transportation Equipment
A.3.5 Furniture and Fixtures
A.3.6 Others, specify (A.3.6.1 + A.3.6.2 + A.3.6.3)
A.3.6.1 Real and Other Properties Acquired
A.3.6.2
A.3.6.3
A.3.7 Appraisal increase, specify (A.3.7.1 + A.3.7.2)
A.3.7.1
A.3.7.2
A.3.8 Accumulated Depreciation (negative entry)
A.3.9 Impairment Loss or Reversal (if loss, negative entry)
A.4 Investments accounted for using the equity method (A.4.1 + A.4.2 + A.4.3)
A.4.1 Equity in domestic subsidiaries/affiliates
A.4.2 Equity in foreign branches/subsidiaries/affiliates
A.4.3 Others, specify (A.4.3.1 + A.4.3.2)
A.4.3.1
A.4.3.2
A.5 Investment Property
A.5.1 Real and Other Properties Acquired
Page 2
A.6 Biological Assets

Page 2
 Control No.:
Form Type: IHFS (rev 2006)
SPECIAL FORM FOR FINANCIAL STATEMENTS OF INVESTMENT HOUSES
NAME OF CORPORATION:
CURRENT ADDRESS:
TEL. NO.: FAX NO.:
COMPANY TYPE : PSIC:
If these are based on consolidated financial statements, please so indicate in the caption.

Table 1. Balance Sheet

FINANCIAL DATA 2005 2004
( in P'000 ) ( in P'000 )
A.7 Intangible Assets
A.7.1 Major item/s, specify (A.7.1.1 + A.7.1.2 + A.7.1.3 + A.7.1.4)
A.7.1.1
A.7.1.2
A.7.1.3
A.7.1.4
A.7.2 Others, specify (A.7.2.1 + A.7.2.2 + A.7.2.3)
A.7.2.1
A.7.2.2
A.7.2.3
A.8 Assets Classified as Held for Sale
A.9 Assets included in Disposal Groups Classified as Held for Sale
A.10 Other Assets (A.10.1 + A.10.2 + A.10.3 + A.10.4+ A.10.5)
A.10.1 Deferred charges - net of amortization
A.10.2 Deferred Income Tax
A.10.3 Advance/Miscellaneous deposits
A.10.4 Others, specify (A.10.4.1 + A.10.4.2 +A.10.4.3 + A.10.4.4 + A.10.4.5 + A.10.4.6 + A.10.4.7)
A.10.4.1
A.10.4.2
A.10.4.3
A.10.4.4
A.10.4.5
A.10.4.6
A.10.4.7
A.10.5 Allowance for write-down of deferred charges/bad accounts (negative entry)
B. LIABILITIES (B.1 + B.2 + B.3 + B.4 + B.5)
B.1. Current Liabilities (B.1.1 + B.1.2 + B.1.3+ B.1.4 + B.1.5 + B.1.6 + B.1.7)
B.1.1 Financial liabilities at Fair Value through Profit or Loss - issued by domestic entities: (B.1.1.1 +
B.1.1.2 + B.1.1.3 + B.1.1.4 + B.1.1.5 + B.1.1.6 + B.1.1.7)
B.1.1.1 Due to BSP
B.1.1.2 Due to Local Banks
B.1.1.3 Due to Related Parties (Parent/Subsidiaries/Affiliates)
B.1.1.4 Due to Head Office/Branch
B.1.1.5 Advances from Directors, Officers, Employees and Principal Stockholders
B.1.1.6 Bonds Payable
B.1.1.7 Others, specify (B.1.1.7.1+B.1.1.7.2+B.1.1.7.3)
B.1.1.7.1
B.1.1.7.2
B.1.1.7.3
B.1.2 Financial liabilities accounted for at amortized cost - current portion
(B.1.2.1 + B.1.2.2)
B.1.2.1 Payables to Domestic Entities (B.1.2.1.1 + B.1.2.1.2 + B.1.2.1.3 + B.1.2.1.4 +
B.1.2.1.5 + B.1.2.1.6)
B.1.2.1.1 Notes/Bills Payable
B.1.2.1.2 Bonds Payable
B.1.2.1.3 Accounts Payable
B.1.2.1.4 Accrued Interest, taxes and other expenses
B.1.2.1.5 Advances from Directors, Officers, Employees and Principal Stockholders
B.1.2.1.6 Others, specify (B.1.2.1.6.1 + B.1.2.1.6.2 + B.1.2.1.6.3)
B.1.2.1.6.1
B.1.2.1.6.2
B.1.2.1.6.3
B.1.2.2 Payables to Foreign Entities (specify) (B.1.2.2.1+B.1.2.2.2+B.1.2.2.3)
B.1.2.2.1
B.1.2.2.2
B.1.2.2.3
B.1.3 Provisions
B.1.4 Financial Liabilities (excluding Other Payables and Provisions)(B.1.4.1+B.1.4.2+B.1.4.3)
B.1.4.1
B.1.4.2
B.1.4.3
B.1.5 Liabilities for Current Tax

Page 3
B.1.6 Deferred Tax Liabilities

Page 3
 Control No.:
Form Type: IHFS (rev 2006)
SPECIAL FORM FOR FINANCIAL STATEMENTS OF INVESTMENT HOUSES
NAME OF CORPORATION:
CURRENT ADDRESS:
TEL. NO.: FAX NO.:
COMPANY TYPE : PSIC:
If these are based on consolidated financial statements, please so indicate in the caption.

Table 1. Balance Sheet

2005 2004
FINANCIAL DATA
( in P'000 ) ( in P'000 )
B.1.7 Other Liabilities, specify (B.1.7.1 + B.1.7.2 + B.1.7.3 + B.1.7.4 + B.1.7.5)
B.1.7.1
B.1.7.2
B.1.7.3
B.1.7.4
B.1.7.5
B.2 Non-current Liabilities, specify (B.2.1 + B.2.2 + B.2.3 + B.2.4 + B.2.5)
B.2.1 Bonds Payable
B.2.2
B.2.3
B.2.4
B.2.5
B.3 Indebtedness to Affiliates and Related Parties (Non-Current)
B.4 Liabilities Included in the Disposal Groups Classified as Held for Sale
B.5 Other Liabilities (B.5.1 + B.5.2)
B.5.1 Deferred Income Tax
B.5.2 Others, specify (B.5.2.1 + B.5.2.2 + B.5.2.3 +B.5.2.4)
B.5.2.1
B.5.2.2
B.5.2.3
B.5.2.4
C. EQUITY (C.3 + C.4 + C.5 + C.6 + C.7 + C.8 + C.9+C.10+ C.11)
C.1 Authorized Capital Stock (no. of shares, par value and total value; show details) (C.1.1+C.1.2+C.1.3)
C.1.1 Common shares
C.1.2 Preferred Shares
C.1.3 Others
C.2 Subscribed Capital Stock (no. of shares, par value and total value) (C.2.1 + C.2.2 + C.2.3)
C.2.1 Common shares
C.2.2 Preferred Shares
C.2.3 Others
C.3 Paid-up Capital Stock (C.3.1 + C.3.2)
C.3.1 Common shares
C.3.2 Preferred Shares
C.4 Additional Paid-in Capital / Capital in excess of par value / Paid-in Surplus
C.5 Minority Interest
C.6 Others, specify (C.6.1 + C.6.2 + C.6.3)
C.6.1
C.6.2
C.6.3
C.7 Appraisal Surplus/Revaluation Increment in Property/Revaluation Surplus
C.8 Net Unrealized Gain/Loss on Underwritten Securities/ASS
C.9 Retained Earnings (C.9.1 + C.9.2)
C.9.1 Appropriated
C.9.2 Unappropriated
C.10 Head / Home Office Account (for Foreign Branches only)
C.11 Cost of Stocks Held in Treasury (negative entry)
TOTAL LIABILITIES AND EQUITY (B + C)

Page 4
 Control No.:
Form Type: IHFS (rev 2006)
SPECIAL FORM FOR FINANCIAL STATEMENTS OF INVESTMENT HOUSES
NAME OF CORPORATION:
CURRENT ADDRESS:
TEL. NO.: FAX NO.:
COMPANY TYPE : PSIC:
If these are based on consolidated financial statements, please so indicate in the caption.

Table 2. Income Statement

2005 2004
FINANCIAL DATA
( in P'000 ) ( in P'000 )
A. REVENUE / INCOME (A.1 + A.2 + A.3 )
A.1 Underwriting fee
A.2 Other Fee-based Income (A.2.1+A.2.2+A.2.3+A.2.4+A.2.5+A.2.6 +A.2.7)
A.2.1 Trading Gain (Loss-negative entry)
A.2.2 Arranger's Fee
A.2.3 Service/Professional Fee
A.2.4 Management Fee
A.2.5 Financial Advisory Fee
A.2.6 Realized Gain (Loss - negative entry) on sale of Marketable Securities
A.2.7 Others, specify (A.2.7.1 + A.2.7.2 + A.2.7.3)
A.2.7.1
A.2.7.2
A.2.7.3
A.3 Other Income (non-operating) (A.3.1 + A.3.2 + A.3.3 + A.3.4)
A.3.1 Interest Income
A.3.2 Dividend Income
A.3.3 Gain / (Loss) from selling of Assets, specify (A.3.3.1+A.3.3.2+A.3.3.3)
A.3.3.1
A.3.3.2
A.3.3.3
A.3.4 Others, specify (A.3.4.1+A.3.4.2+A.3.4.3)
A.3.4.1 Gain / (Loss) on Foreign Exchange
A.3.4.2
A.3.4.3
B. OPERATING EXPENSES (B.1 + B.2 + B.3 + B.4)
B.1 Selling Expenses
B.2 Administrative Expenses
B.3 General Expenses
B.4 Other Expenses, specify
B.4.1
B.4.2
B.4.3
B.4.4
B.4.5
B.4.6
C. FINANCE COSTS
D. NET INCOME (LOSS) BEFORE TAX ( A - B - C)
E. INCOME TAX EXPENSE (negative entry)
F. INCOME(LOSS) AFTER TAX
G. Amount of (i) Post-Tax Profit or Loss of Discontinued Operations; and (ii) Post-Tax
Gain or Loss Recognized on theMeasurement of Fair Value less Cost to Sell or on
the Disposal of the Assets or Disposal Group(s) constituting the Discontinued
Operation (if any)

G.1
G.2
H. PROFIT OR LOSS ATTRIBUTABLE TO MINORITY INTEREST
I. PROFIT OR LOSS ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT

Page 5
 Control No.:
Form Type: IHFS (rev 2006)
SPECIAL FORM FOR FINANCIAL STATEMENTS OF INVESTMENT HOUSES
NAME OF CORPORATION:
CURRENT ADDRESS:
TEL. NO.: FAX NO.:
COMPANY TYPE : PSIC:
If these are based on consolidated financial statements, please so indicate in the caption.

Table 3. Cash Flow Statements

2005 2004
FINANCIAL DATA
( in P'000 ) ( in P'000 )
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss) Before Tax
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
Depreciation
Amortization, specify:

Others, specify:

Write-down of Property, Plant, and Equipment

Changes in Assets and Liabilities:
Decrease (Increase) in:
Receivables
Inventories
Other Current Assets
Others, specify:

Increase (Decrease) in:

Trade and Other Payables
Income and Other Taxes Payable
Others, specify:

A. Net Cash Provided by (Used in) Operating Activities (sum of above rows)
CASH FLOWS FROM INVESTING ACTIVITIES
(Increase) Decrease in Long-Term Receivables
(Increase) Decrease in Investment
Reductions/(Additions) to Property, Plant, and Equipment
Others, specify:

B. Net Cash Provided by (Used in) Investing Activities (sum of above rows)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from:
Loans
Long-term Debt
Issuance of Securities
Others, specify:

Payments of:
(Loans)
(Long-term Debt)
(Stock Subscriptions)
Others, specify (negative entry):

C. Net Cash Provided by (Used in) Financing Activities (sum of above rows)
NET INCREASE IN CASH AND CASH EQUIVALENTS (A + B + C)
Cash and Cash Equivalents
Beginning of year
End of year

Page 6
 Control No.:
Form Type: IHFS (rev 2006)
SPECIAL FORM FOR FINANCIAL STATEMENTS OF INVESTMENT HOUSES
NAME OF CORPORATION:
CURRENT ADDRESS:
TEL. NO.: FAX NO.:
COMPANY TYPE : PSIC:
If these are based on consolidated financial statements, please so indicate in the caption.

Table 4. Statement of Changes in Equity

(Amount in P'000)
Capital Additional Revaluation Translation
FINANCIAL DATA Stock Paid-in Capital Increment Differences Retained Earnings TOTAL

A. Balance, 2003
A.1 Correction of Errors
A.2 Changes in Accounting Policy
B. Restated Balance
C. Surplus
C.1 Surplus (Deficit) on Revaluation of Properties
C.2 Surplus (Deficit) on Revaluation of Investments
C.3 Currency Translation Differences (negative entry)
C.4 Other Surplus (specify)
C.4.1
C.4.2
C.4.3
C.4.4
C.4.5
D. Net Income (Loss) for the Period
E. Dividends (negative entry)
F. Appropriation for (specify)
F.1
F.2
F.3
F.4
F.5
G. Issuance of Capital Stock
G.1 Common Stock
G.2 Preferred Stock
G.3 Others
H. Balance, 2004
H.1 Correction of Error (s)
H.2 Changes in Accounting Policy
I. Restated Balance
J. Surplus
J.1 Surplus (Deficit) on Revaluation of Properties
J.2 Surplus (Deficit) on Revaluation of Investments
J.3 Currency Translation Differences (negative entry)
J.4 Other Surplus (specify)
J.4.1
J.4.2
J.4.3
J.4.4
J.4.5
K. Net Income (Loss) for the Period
L. Dividends (negative entry)
M. Appropriation for (specify)
M.1
M.2
M.3
M.4
M.5
N. Issuance of Capital Stock
N.1 Common Stock
N.2 Preferred Stock

Page 7
 N.3 Others
O. Balance, 2005

Page 7
 Control No.:
Form Type: IHFS (rev 2006)
SPECIAL FORM FOR FINANCIAL STATEMENTS OF INVESTMENT HOUSES
NAME OF CORPORATION:
CURRENT ADDRESS:
TEL. NO.: FAX NO.:
COMPANY TYPE : PSIC:
If these are based on consolidated financial statements, please so indicate in the caption.

Table 5. Details of Income and Expenses, by source

(applicable to corporations transacting with foreign corporations/entities)
2005 2004
FINANCIAL DATA ( in P'000 ) ( in P'000 )
A. REVENUE / INCOME (A.1 + A.2)
A.1 Net Income from Underwriting and other Fee-based Activities (from Primary Activity)
(A.1.1 +A.1.2)
A.1.1 Domestic
A.1.2 Foreign
A.2 Other Revenue (A.2.1 +A.2.2)
A.2.1 Domestic
A.2.2 Foreign, specify (A.2.2.1 + A.2.2.2 + A.2.2.3 + A.2.2.4 + A.2.2.5 + A.2.2.6 +
A.2.2.7 + A.2.2.8 + A.2.2.9 + A.2.2.10)
A.2.2.1
A.2.2.2
A.2.2.3
A.2.2.4
A.2.2.5
A.2.2.6
A.2.2.7
A.2.2.8
A.2.2.9
A.2.2.10
B. EXPENSES (B.1 + B.2)
B.1 Domestic
B.2 Foreign, specify (B.2.1+B.2.2+B.2.3+B.2.4+B.2.5+B.2.6+B.2.7+B.2.8+B.2.9+B.2.10)
B.2.1
B.2.2
B.2.3
B.2.4
B.2.5
B.2.6
B.2.7
B.2.8
B.2.9

Page 8