Monitoring of the account Deferred Income Tax

MAYNILA, PILIPINAS

OFFICE OF tHE dEPUtY GOVERNOr Supervision and Examination Sector

CIRCULAR LETTER Series of 2002

To -- All Commercial and Thrift Banks

properly define its source, the following sub-accounts are created: To enhance the monitoring of the account Deferred Income Tax and to

Deferred Income Tax -- Minimum Corporate Income Tax (MCIT) Deferred income Tax -- Net Operating Loss Carry-Over (NOLCO) Deferred income Tax -- Timing Differences

Development tncentive Loans are aiso created to eliminate variances resulting Reform Credit and Other Agricultural Credit as against the monthly Consolidated from cross --- verification of balances reflected in the quarterly Report on the Utilization of Loanable Funds Generated Which were Set Aside for Agrarian Statement of Condition as follows: Moreover, additional sub-accounts for Restructured Loans and

items in Litigation -- Restructured Deveiopment incentive Loans Past Due Restructured Agrarian Reform Loans/Other Agricultural Credit Items in Litigation -- Restructured Agrarian Reform/Other Agricultural Credit Past Due Restructured Development Incentive Loans Restructured Agrarian Reform/Other Agriculturai Credit Loans Restructured Development incentive Loans Loans Loans

XXXSCHAD.DBF for TBs), as attached, is further amended to effect the above changes. Allt Commercial and Thrift Banks are required to submit the amended schedule starting September 2002 report. The Additional information Schedule (SCHAD.DBF for KBs and

For compliance.

alberT REYES

Septembe 2002 Deputy Governor

dtarnano ht nna thee hint :oaeea OIai of I!eli:n0 :uoss!oqn0 yree iemattnto oen stappy Ceeenenthioneooeanoiooeiainen "(sones puarnass s) tattr t Ua D JeanBar t sn ui Nnba osad$ sn ul" s ut tirnete qunouy enbrsed Anb3OSOd

oJo ON 006 L6 E[ 8 g 3 G 3 C E 3362 g{g|3} 13$ JL

JO Sv s

Z'VZ 8 1VZ w1H i%i aOa ZOOZ jsnBnV pasrAO Aeteooeteconeoin onnnin mnnnne fosotorsrroo s ont "e and sed "a aontni u ten s os s o ss (Jois(otd soeoo jo tn) ojtoto Uo E Uis sos 4 Ojoo Ueo L [to tietig rotator eor X SassoTUo7 Oiqeqid Jo) uolsiAoid (BJees % Sonoo ueeo Le tottoootaoroe io aooerois D sario yee Jeto pue suao ,'g stassv ys!e JautO Z'a (sot Io Kl poeo Z0 mo) seo 6oun jetoi. (suao penoniay ueni JotO) sueor Jotnay Buaojiad-uon e rroae peintnrtan frrrnnrr" poons sbtrs" Sorreiimtttone tt t T{qpXPe 3jqeXe1uON "Z Hoittnitntnrne intntt t t.bexe- - ""eiqexer uoN ? raee-seeie st -reee Sttetteiitte tea ii-irttot rriititit iitrre L eettsia oett e ootnt ontt io so oor tll ioi tlf pietnOIi

prot aiaaaa to pre tne tre bruna gy tooeteteees Aunour Anbg osad$Sn u

:ontiaa CAOt 0} {etO0 :utititnt Mrnnmmatrenaa emr sorous Ceteenenteotetoenetooeneteen o (soted puennous ug) Rd Ra nBat UaUU Abg osad S Sf ut Ainb osad $ Sf u! soonttis

Rd De 68 2 2 061 0 6 S S 3 3 L46 646 L6 33 D SD O O s

ZVZ 8LAZ AIOH iIY 8Aa ZOOZisnBnv po!Aey Aetetoetttrnettn Cettoetet ee e iitetn ooooonteioenooeniet tee eeeera torsodea preooa es tigexee tiqexei uaN Sittnt jo ttettnes tts t. rn Ottxti ton sjunO5W MON K tiaeiee biqeXel UON e dse Ka pag(ssas Geout idoox) peseysind silia aedx paigeuun G "(sso- ss toit peurrtntuni aert e minntnsns [(lei) serntt tnett 6ioir (iie) seses aes ieeree (om) soeonorot ioom mooo g sooan u soeonsnno- Ka paeuerenb reiee oui ot n - steoodxy or sueo uer-os 8 DeS J 3WSaEeelenErLe u acttnav Keads} reototsVnaa tiqrb ot O (strno jo ennt tit aaela Frts eees irrtis 0 Frter tantrres E tueuns e tott ntntrne ttoorra ttttnrt

1810 qunou Drt arnnaahan jo pre rane stee nunrnn ae :on!iia OSHS of fHeW:OO :uolss!qns Ron eaooanto toer seps Ceneeinneootetoeaneieeetetnen 0 (sotad poernoor ts) Foooerooons naUU Fern6or Pa Anba osad[$ sn u] $sn u! 'Ainb osad" $ sf u "Atnb3 OSad soonttts

jo Y JO Pe 2 Aos $ 3 833 g E Cg[ g B C D E 6 886

ZVZ 8 iVZ WOH HI 8Oa ZOOZ tsnFny pas!Aa ueeooeoe coneoon Arem teean tnnnns sona aoan (aintnnne ono 0 onneeeene oeeernns suo sueoTong ised a aat (anrrni aiotn tn Sueo- wojoy uerano se teeis (enentrn ins soreret nre A euoe " ten u it frin nntinrrooren rtr soea eoe ueeee"" etetcetit tetnttoiiotts treee etreerr roreorres totte Cer eeettt pere tnnttte trtree trtrt patns (Oi-on) oomo ste boeao on-eaao peoe "(inw) xei sno( eeidinn uintren-er eonj paltn" 18101 "Yer aoeout peoae-sette, oaatoid Jot eooemorv SS

G *

bhithee tdrdatheaia ertonoar o pot Oltt o] [rel ao :ulss!tn CICAAACE AACCHACA CCCAOCS TO ***nODa INOOWV "Atnbyg oss& $Sn ar Z jo Z o5ed

Rrirrirtrhi cooe sttapav COILIINII IO LNOIALIIS AHLIGIOORNON oz- RAD RAG *AARAAEA ON S S a AINCOOOS Amby osad 0o6 E C 2 2 S 332232322223

TRORHOR Feat arntne puiaay jO SV ARRLOOOIRON LOORIIN Jo *o sttn03 NOLIIOON TIOILIOIN S019 ooo otn (ot Cnrnn( on PtA G iotittm it ttm Uotiard o uos oos :s (ttot sttett oooto to o) tooog tt "Hosord Ssot et (s :s Oo Uo Jo stototo 1 tor (t titin toet:ttttt ror tettoted oooas %s (A (8661 m( ct Pip 691 73 866[ adv C1 "pip v91 -j10) tno uott uo sssot totig oj arore G iotii iis rotir tre S q tattt-oees rese a (666I ZZ Ao Pip Z0LoN n) suot sojio-UN jejoy (stt pornttn rrtt ioo) sttt rataon trornt stet pantnnsay uranon-ton( seet - crstt se -es tenttetit pito totr tt reo Koonn - tnor son rer ttt or m prott mt-ottt rr hi ornn ( tont - tnot rr tht pomnt( Sinatniy utnii ie int an p stnin

C G Q

baa ikee frrdt it :oraade Hai annnae tt OSaS o} j!EW aa :uOtsjoqns RLCAOAAE RACCCARR CARCCAS TVIOL ***fQDa LNNOWT "Aby os $ Sn ur Z Jo Z o6ed

3po NOILIINOO HO LNTITLVLS 40 W RARAAA $snu nb osa

HrirhrrJo hrr sstappv ORD DAC AOOOOOOS E G E E SIrS 333333333

TRORROR Ao0t itnint patad GOLICOISNID Jo Sv AOLLCOOORO CCOAOON JO Ates : ue porte Ctmt ettnns Sot ro stt prt stt tit irmt rts ttiaits te tets Iow m roj sog orddrrad roj prddes sortpxg u arol (ero Hrneitd I rrrin hrarn tim (0 ornn min mt G boontthroeo tnhonaoroefr porhtirtoiiaoro ord siitora wor sietaioiiM sueot jo spedord (- sard gt tos) saaet aoaogr hnrnnrte (e Staot aoototoos ong iotd (s tottitt it sit ( ttno - otoottoo tes s 1o oos p o-rortro sutot sargoo Sroinauon ( qhioiv4oott t thetttrtott pernntis ( auno " 5n 1sAd Z Hoat i s'e "tne - tttrtttts pntnttt tn "ssor qo1t 10y 35eOV :ss toN - permunntts "oo i

C S

tode shee hdet it aeaea yruot aoadajad Jo pua Oses o [rew s. :uossrqns LLNAOAOE CAACHAIO NOOOON **NAD TOL INOOWY Anb g osad S S u Z jo Z o6ed

tpoe CIILINII CO LNOIOLVR IOIIIIISNIN o **LECAAA S sn u Anby osad

Rrirhrhothrr sstuppv ToN PRSO RAC SLNCOOOS E G O 322232322232323

JO -O AtLaos

JO Sy

ZROOOOH Zoo tsnint pota NOILAOOSCO LNOOOON srondn ton hradat reao btai (1 det aea bbrrrtt toorrsis intirrntit Hot Jd i Morrnrrrntrrn ( brarn trptroaorr( Jaratt torrttocaariuet (l sitonet go strttrdt t - bihotp oobot (1 Ja aA ( "StunooV MON 'P "Psoei aoi (I Itatt stooort otooin toooo nt e SOUO os tinttt pt surtt " sot aono te do/tag more g "te atrtt nrtn '6 pititint tat Cittoot sirotht uo qrtt stt E S/O det sturt sr roj qetT ino hrtes poertrrtts

bage shep bupueq Si :augpaea Hot aonnoat jo poe OSds o} ireW an :uojss!uqns RLCCCAAE RACCCARE NCIOOAS ** TVOL LNNONY SS HI eerkie Z j0 Z e6ed

3p0 CIILIGNOI HO LNOIOOILS HOIIIOOSNIN O PAEREAS AfnbHOStd S SU uI

Hhnhhnrrthrr sttaeey R E 2 ALCOCOOS E 0 32322221305131113123222 886

TRORROR To0 rRn3ne putAo Jo sy b JO ARLAROOROG LNOROON ttas tttt -sinttts trtne tets strt tinnatttg e rm Ian rnrnnni totan atrn nnn on nnn brtnetterrs t art non C Ss C unos ans ss hon rtot tootrn et Itn on e thtot iatnni t siane trr tndnn Os trntin t ttt tert rnrrnooaan tr trto ton toroe tet iot tettoae att sten attnnrt orrerotrs Sno Brt aitoe paaed O tttte rnit rr pea Oo) ooy sooo rot 1 perd (n) it nt ornot mno-ir nrn oa [10 Itt1e paoottttortoig o at