EIE)Leasing

Iue 3,2013 Tff DISCLOSURI DEPARTMENT 3dlloor, llilippine Stoct ExchdgePlaza AyalaTriegle" A,5la Avnue

Attenlion: MS.JANETA. ENCARNACION E ur!, D isclosureD eparLaqr

Plase nnd the dnded SECFom l?-Q of BDO L4ins dd Fime, Iff.(BDoLF) Io. M@h 31,2013, theqlana ending

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COVER SHEET
S.E.C. Reglsratlon Nrmber D

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B D I O I L I EA I S

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O R I T I I G AS I
(Busin6sAddr*s: No.Slreet / Pbvnc*) Oly / Town

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GAMBOA GEORGIANAA. Tlephone Numbs Company

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A]VIENDED SECFOR]VI 17.4

ItApp cable L(enseType Secondary

concemed To be:comDlishe! bySECPe6onnel LCU

BD- Leasino
M a y3 1 , 2 0 1 3 MS.JUSTINA F.CALLANCAN Acling Director SECURITIESAND EXCHANCE COMMISSION 6'" Floor,Corporare Finance Depaftment SECBldg. EDSACienhills,

ln mnneclionwith your lenerdatedMay 2, 2011.which wc reGivedlan Nlat :0, 2cll, wc submiiherdith our rvised SEClom l7-Q in the @npa.yb 2cl3 r" QuanerRepone.ded Marohll, 20ll fi led to rh. Combission lastAp.il I7. 2013

in ourreviseil lncluded leponaredisclosurs witlr re8ards to theSECMemorandunr Circular Nc 6, Sdiesof20l3and revisioion Siatement ofChanscsin Sto.kholders Ejuii! presenklior i.coneas-otherComprehensive disclosing In@me'

Very truly yours,

RO

LTSAI<.ALINDA

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SECURITIES AND EXCHANGC COMMISSION SECFORM17.Q TO SECIION 17 OF THE SECURIIIES QUARTERLYREPORTPUfTSUANT REGUT.ATION DER CODE ANDSRCRULE17(2Xb) THEREUN

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2 Commrsson dentrficnon, umber 097a69 3. BIR Ta^Identn.at'on No. 4. Exa.r naneol sstrefa5soecified in itscharlefBpo LEASING &fIxaNcE,Ixc, s
t

Pavin.e, cclntrlorotherju;5di.roi orincoip.;tcnororcaiiuation elllibrines

Tndlstry Cla$ fi.aton Codei

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3. IstrersteaphonenumbE.,ii.ridinqaeacod.632/6J5-6416,635-5417.440-?000 nane, rorme.address 9. Fcrner andfomerliscayeaf,rchanqedsincelastrcpon Il4 pr6uaitto S.tons 10.s*u,iti$ reqsae.ed 3 aid 12ortheCode, or sectons4 and3 of the RsAtl/!

Title orch Class. Common Stock. P1.00oa.value

Nlnberof shar6of @mmonstdkoutst nding a.d amountof debt outstandinq

zLa2ps,312Jt:L2.1fz.qj?33lp

A'eanyor al of thesecurties Ex(hangeT istd oi a Stock

rf yes, therein: state the' eme ol su.hsto.kErlhaiqe andrhadass/6ofse.untesGten qlllrE s!o!Lq{!!!gs lr!

q strant: 12. lnd Gte by.h{k markwhethefihe the codeairi sRcRue i7 required to befi ed bv s{tion 17or la) hasllcd 3li rcDorts 26and111 andsectons Ruel1(a)- l the.eunder, andRsA thercunde;or sect ons11;rthe Rsa (12) monlhs rof such preced n! t{eve ior the du.inq c.de of the Philppin6, of the corporaton repor6) shortefprod the o snantwasrequrcd to file slch

n ietv (90)davt fcr tlrepast rements (b)hasbeen li inqrequ subject to such

PARTI-FINANCIAL II{f ORMAT]ON

SIATEIUIXIS [tem 1. FINANCIAL ar. ptparcdard lic rnd subsidna & Fnance, Leesnq statements of BDO Thefinancia Framew"k presetrtac Fh ippiieFlndncialRep.itinq 0 a.cod3n.e{ith lseJ ^ tie ald'tedfifrria or co4rpLtation r'he 3c.o!ntiq poioes and melhods 31, 2012?efe .ci:itle.t / :pp '1 li ir" i.i tha v::r .ncec De.efl5er ltatemerts .s al atrd to PFRS AdoDtion .l tlew l.Erpdtations, Reritions and Ader.lne't to and nterp'eLatons mprdenents annual amendmits, The arenewPFPS, revisions, h's i taiv Maragemenl to 2012 subsequeil for oeriods errst'no stldd.rdsthalarc etrectve withther wi applvi a.cordance prcnouncemenL, wh(h thecompanv deter;neothe roldwinq to brel4antio ic lnan.a statefrents al prov'sions, trri s rioo (effect from Januarv1' 2019) PAs19 wil be PFRSg. Finadciat hntumit't aG Thmah phases i$uenin phases. is beinq which by PFRS 9 ii iG entircty repraed !vil\ dere@ln:tionl: (with a Fpa6te prj.t Jealing Phase 1: Classiacat oi andJ4easunent 2: hpaimen "lethodoloqY Phase ng Account Phase 3, Hedqe inq w th rccognitioncassi'cato^ To date, the .hapte6 dea These been Gsuen have andliablLities orinancialassec measurementaid d.Eoanition 'hapte6 Other 1,2015 perods belinninq Jafuary chapteE are efed've fd aniual are slllbefq deveLoped acoudtinq osv andhedge dealio with msirmentmethodo e 'n 'trr o: PFRS ea acoptior v Maiaol.e',! c;duded a siudvon the irnp..tof.5 Fmaf'iarcata Aud teJ fiDm;lsbtetunts. otr assment wasbasd on tlrecompanvs on the 0'5sbe evalualion aso conducted a3 of Decembe 31, 2012.The Companv 9 PFns and io impLemeit adool dc iot expect ihoad of PFRS 9. TheGroup lnancLa publ shei untI irt etre.tive date or unt I al .hapte6 ol thisnewstandadhavebeen

PAS27 ( nendnent), SepanE Firancial Stateneats - adtna

pe/ta r nq erev to sepaiate Ths revised stand3i nowcove6the requnments on coiuol add.one dated'iiairirl dscussons riai.iar statements arrcrth. rcievrnt l0 No ne{ maFr cha'qs afd o.uded n PFRS scmeiG havebeentransfere! have beenntrc.l!..dara,eslltor tlr. revson. finan:ia statemenls relatnq io seoarare on itstinancialstateme rheGroup theinpact s.urently rcvewinq veftomlanuan/ 1, 2011 ,h.h v lbe effect PAs2s (Ancndncntt ,,vs.n?,b in asa.iaG zad t.inL veatute not atlla? te

PFR9\ FiEt-tine AdoPtionof PFRSon Govenmeht toans - nat aobtidbte PFRS 7 (Amendnent), Fi,anciat Instrunents: aooliable Firan ial A#E Disct6ut6 tuarsfeE ot

that w I a oN lseE or niai.a resaddltona discosures Theane^onent requ rinatiala$.G tiralai. between tran5ieired siatemenE b undecta4d tli. reati.nchip thena re labiitis, aid, to evaluare aid thea$ocaten iot oe,e.ogi zedn th.. eitnery ngentlv n fiNn.a ofthe repod nu0q nvovemert of,a^d 'st aseciatd { th anycont anvfnan..l The dd noi transfe. n eitrctv Gr.up are thetr rssets uat c.rccolnted ' :'v n.l r:sllt anendmeit did hen.e, th. n'crr:" lyt..f dranqeheit; asset ths . itsrianc a ltatemsits n tre Gro!ps dsdosurcs P?As In, consblicated FinancietstztencnE - a@l!.a!!e !q h! bv dentryin o n x E t r qo r i n c p do f . o n i o i d a l o d fts ttandaibulos in bein.luded vrthi ra.tor whelhe.ai enlittshould aslhedeternininq .oiceptol .onlrcl addtona9udai.elo Thenaida.dalsoorovLdes statemenls t to assss Tbe G6!p E.uiienrrv this is difiicu a5sstin detemiinq coituolwhere vrLli)3 er(t te shich ts fitun.a statemeftor th s anreddmert PFF.S r\ Joint Atftnsdents - aot aottkable

PFR9t2, Dlsctoture of InLe'st in othet Entiti4 - loJ,pplEatE PFRS 13, Fai ValueMis'n.ner! (effedive fion ta nuary 1' 2G13)'aaPli@b e

a bv provdnrl aid redu.e..mplexiLl codssten.v lh5 standarc ams to mprove aid masuremeit source.r far value p,&ise deniitroo of rar vaue and a single do note{endurelse or rhe requnements i. **" r"q",".""4 to, r" .ross PFRS b apped hhercts lse s gudance oi hot it should ra. vauea..olntinq bot provide pc.n ited ry oiier sLaiards. llara?efentis n the Dro.e$or ,ave{inqlsvruat'onmethodoogesrorccnlormqLv'tilhenew.equiae.tsaidrras fiia tr alstateneiE nandadoi tre Group's

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INC, AND SUBSIDTARY FII'{ANCE, INCOME

Forihe three monthsended 2013 INCOFIE Se(ce Tees & otherncome

2072 343.6 512 603 415 r

1080 596 381 J2./ t50 3.9 1.4

13.r.-o 64.2 72.2

char9es lnreren andf nancinq retrtej:xpei5e5 cccupan.yandequlpmeit conpensaron andfr nqebenents provsio. i.r mparmefi andcredtlosses a.curedexoens.j Lt9ar.nr.s5et5 Fes M3(agem.nt & Olher andRecreanoi EntEi nm.n! Afiusemeri lrpenses iraveli9 A transpo.taron oostale, Teephon &1'eelraph & T{h rology erpenret lnform.ron

116.1 391 25C

5 l

5 1 39 0 1 32t.J 9.1 295.1 119.8

INCOME TAX INCOMEBEFORE FORTNCOME TAX PROVISION TNCOME NET COMPREHENSIV NE COME OTHER u i r e a r i z F da i r v a r ( G e a i n ( L o s )o n A F s - n d
IOTAL COMPREHENSM INCOI'1E/ fosSl EARNINGS P E R S H A P ET T AASTC EARNINGS P E RS H A R E I 1 DILUTED

32.9

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9DOLEAsINGIXD FINANCEI INC,AND SUBSIDLARY (Asubsidiary or3Dounibanl(, Inc,) STATEiIFNTS FLOWS OFCAsIt

2013

crsHFlows fRo''loP[RlrrlrcAc[vrnEs
ACiunmeils tomdle in@ne befodmme tar toi.t G:h ulad n op3atjo6 Pro! sonfo,robabe 6sE dio'babf 0e0eoa'!o1 and L6t(6a OnnI e oi plad} arnelu onent r6t(o: d)onere orinBbnot proped,6 6*E.nd liaHlh6: Chaqenopel.E ( !.(.es. id6e) n dreamounls ofl 1ctr Fn e eare ce vabl6and 3nd rrcvada r@nced or : rneale LrF amo!n'6 {dercre) tu li.biihg aid ohs Acolnti oayade D:ros ls di rmtre ass
in)op.mlior Neics1 ro! ded b! (u5ed

2s,0t0,000
n,614,041

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(i0,s50,x9)

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1,576,595 L26,399,513 7 5 r 0 \ id

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a.t v is ilet ee prudedbr (uselinl oc.atinq TROM INVESNGACIlVIIIES CASH TLOWS N?r frFentprcpex:s c srios: la.qusiioi)of aa, able IryeLeirv6tment Net i.q, j i or oa ad e0!onmt Ne: z<trs106 0rp:cpeiry
NeLGsh 6ed n n,8nq &[vls

Q62150,031) Q64dl5J!3)

l+) 150019 /631r2039)

(DECRa^5E) IN C,.,sH ANDCASi fl ETINCRETST AT CASH AIIDCAsHEQUIVALEIYIS

69,19:,612

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LTSOF OPERATTONS AND RESU

20r2 2 0 ! l c o m t a : e dt r M a r c h March Ma(h 2013 Ilre.onpany 4istereda net icomeotP1l4 7 nlion for theqtaderencinq pef in 2012. mi ionlorthesame od to P95.3 .s compded P47iI m I oii an .treasebv ror the 1" fua/.q of 2011amounted Gr6s vendes in eae primarlv due bc a 5 /5oloncrease m: ion lasty4.. Th6 wtrs 1:i.s41o fron P415.1 fmm5ome@ntBns.tiois por.fo io bookihq5 addfee i.omeqeneGted

2013 amoudted to P!163 m tnteet andRnan.nq chalqsfor i4arch dep6iGor dpenseon Losed and inteet P115 21 milljon on torcvuqs of financn-o chaE$ ve6ut I'lar'h 2012! P360 millon ii(eased bv ngs Finamnq.halq6 on bo@N Pl.Osmlon. P10660m'ionmanyduetotheinccasenBllsPavablefrcnPll6lribiloirnMarch20lz ieveor b ! The r.rcased rvels P!2177b lon r tl{.ir Tlll to fundthe q.owthI D.ltfollo w l r ( h P 1 3 52 miioi s m l f f o T ! l P 3 9 0 7 g . r a b ea 3 Dr e s u L t fe dh ' q h et r a!6 & l@ns$ stamp taxes co.umeitary Jft4blt.5r.Lorc aied t! th s vear fton astvear Ther 5 i. morei,eitln povsi.ning t' P7l7 m ion, at d eroenssasof r'larh2011amounted o..loaicv aid.o! Dmetut P59.60 m I oi lhe 2010% n.ease sattfbutablet0 of Pr2r0 n I on iiom20123 ar d.re.se of BooRlkonl on eatedassets n depreciairi m lor nrcase the net noa.t oi Pl5c6 rne io rorthen6tq!aita ol10r3 compared seveGlier b.ckiq a..ounLs 2012 d.hatte asselsi cue to so P2lll on depre.:iod e4enr de.lneby n 2013ron 2012sP34 decr4rd to P52 nrilion ..q! rederpenser Li qatod,a3s.t5 fr 6n9;gsi q the sie.r i prin;f ree re ated to rrcpett i 2012 m Ll on duerc. P37Mbiddng lom a5t andotherf@ whi.hhas3 560/0 idc@f in Maiaqemit ilie,e s rc mat.al ysf P4.9 m l o n t oP 5 l m i i o n t h i s y a r . fron Pq4 m lon n 2012to Ps4 a iei d{rea* of 4255olo showen othe, expenses on r4dual ftoma P50 mllon d4ease n larvaue loss r6ultinq milon n2O1r ihs ls mainly iew bokiiqsof astvear eatipmentftom vaueo:reased Pr3903bi'oi lo P20502 n(eased lry P1.599 blon fromI'ladh 2012s Toiarassets oi'onas.rtla(h2013,maLnLydlettheincreasennell.ansafcoth.fre.eivabesbvPr'r24 net ease The companys biion this vear. bilionto P16.742 b'Lon,ftom att yearsP15.617 biion porttolo bv P1'66s deease nonlse portfolorventup bv d3.032 {rLle net blon as' n 201:l non P51l I mr on i lcn P3613 iiftased t Prcpe1], rdrL andEq!pireiFiet to P65'9 'vent dorvi &.ashequva.nrs cash lsed Reita 4seEofBDo resurofinoaf n ret nr lon i prope(etnt $ent d.r.lo P33(l'2 irloi konr P1O,].O m,lon n 2012.lnvestmenl nc. ne year The 1641o/c penod ml on, same ast Ma(rr20il f,onrP,155.0 prcoenv rom modqage rea estate p.opcdys maiy brolqhlabolt by thesaleof.ep.stesscd ioi n 004 bi rvedl up ftom a toG1ofP2 Anr 20!l1o Ma(i 2013Avdabe-fodaenvestments, !arc], 20lz to P2.l]r6 b

hirlion fDm last y/s 204.2mi lion to this yd/s 436.2milLioidueto bookiigof va ousROPA chaael irc@e of Pcp.id vaT and*t upof PepardInteet on BillsPayable. billion ln ?013 million fbn P11.636 blld to P12.177 B ls Peble in@sed bv P540.7r portfolio. pnmarily to finaie b6ins g@wth andin@sing tlume of A(ounLs PayabLe, aarued diEns and odrer liabilitis d6rsed by P13.71million a6unts. maint dueio d4@5ed misellaneus liabiliti6 in 2013fom RMU bilionn 2011 bllionin 2012 to P3.293 Lsse depits @nt upfrcmP2.550 stocdoldeB'equityst@dat P4,7a2 billiona3of Mardl2013.

TneCompry s 6rc (5) kyp.6mdcc indiabE ad dt rollo\ringi

055t 053.1
!321 1001%

039:r
3371 ! 67i,6

Ea@i!i5isd:
mr curcnt uabilties curit Assts asseE wer curent Liabilids Quirk Eqlity TotalLiabilitriso!. rital Stockholde6' Nethcomeorr Gr6s Revenues Annualized Neti!@me@erAve,stnkholdeG Equity

Related Parw TdnsactioE (AME k lrllllN of Phtiwrc Pesos) ente6 Inlo tr.nectro6 wiih BDoUnlbank h theodinary @oe of buslns, the G@up are madesubstantjarly ando$.r amliatet, unds the Gouds policy,th6e tranectrons oi die same teds .s with oths iodivlduals andbusinss of @mpa6blel6ks.

sDoUnibank andafijliats as TlieGEup's andPantCompanyS relad pan|$ lnclude withits elatedpartts in Madr Tlleslnmaryof theGdup3signifidrt tranections area3 folows: 31,2013, D*hb.r31,2012andM.rch 31,2012

a49cBlLI!c!94!9!
M.rch31,

De@mber 31,

rvlarch 3i

Ede!!4!34_94s9!t
Uhimate PsBntccmp.ny

Nor.

2013

2012

2012

InlEsl expense on BillsPayab e (b)

&!an.. ouElandino Marcn 31, Deoedbor3l, Ma.ch31,

EcEe!.eglLg!tss94

2012

Key Nlanagemenl PeFonn.l

a...rnG wth 8Do unibaik ps 01 demaoc dcposit a Ma(h 31,2013, D(edbe. 31,2012 andMa(h 31,2012, savings maintained '!rh BDo unibank are ndudea under cash December i I'larch 31,2013, Interest in.ome emed ondeposts statefrents or financialooeton. as patofRevenusin the uMerlnterast aid Di*ounts 31,2012 andMarch 31,2012s ncllded boiiownqs from3OOlnibank Tre amouit TheGroup obtaLns shonterm,lnse.u.ed De..nber ll, 2012 andMa(h lL, :012 is ftom botrownqs as of r,ra(f 11, 2013, outstandinq positi.n lnterest expense p.esented ii the stalemeitt of finan.its under Bi s Payabe accouni 11,2012s De.embr 3r,2012 aid Marclr incured oi tnese bils oayable n larch 3r, 1011, nq coslsandExpenses as Dart of oorat 'icudedtrnder IrtercstatrdRi:r. nq .harqe5 a.count qranBshodterm, theParentcomDanv n.ome.Also, ac.olnt n thestabafeits or comDrche6ve arsnqfromth s transalioias nq baance !.5(ured loens to eoo Renta Tlieres no outrtand by tlreParcnt comD.nv incohe eamed ocmber 31,201:. Tohl nlercst ofxarch31,2013and in l.tercst and DiscounLs as n I'lar.h s ncluded lidef oadorRevenues oi th6e @ds 31,2012 icome. thestatements or.omprcrrensiv

c)

nrte or :t se erre cd e 2010,theParentcompaiy.ndDoRenta oilaiuary4, lvi handeihe.ole.lioroi.eEiifa.loredr.ivaberoflrr. Aqreementlhercby 8DORenta aid tire Parent Com0any, lor a feeasaqreed bytireParentCompany 0ithe Reitalshr pe'-nnth. moctorn0 receivab es. u0drthe se^ ceAqreenent,8Do renitto theParent co rc.eivabes, duedat$ of thefadored @ymeit rhs reried.rpeiseLh;,iedto the nonlhvslatemeit or a. aid send aij n. ldd !nderOthef Cpe,lt.9 cc5i5 Parcot onureSetu.e s Cohpany based &reen.it n.o comoan?s statemenE ofconoreh,"6rve exoens i theParcnt l[istrarsador.sof r'la(h]1, 21113 nte.compaiypavableand re.evabref.ofr outstandnq n a r c h l i . 2 0 1 2 D e . m b3 e1 r , 2 0 1e 2n d prems*an! ceci bran.h fromBDo ohl.es i6 head TheParc Company leasas ofnce p0..d ror a.d under su.hlern5 e n ch !iibankfof lems raiqnqircmoneto lve rea.ri,eiewab reit Reated andBDouirsank beasrcd upon rth thePaftit ccmpanv andonotoG as mav p'6efted is atpan a0di"la(h3I,2012 in March r1,2011, D{embe.31,2012 exoeneincurea i iq Costs andExpns6 ac.ount andequipment-reated erpenses lndetOperat of O..lDancy thePredtconoaiy.harqsBDo ol comoreheis ve ifl.ome. on theotherhand, thestatements RentcharcedtosDo n tlie [sd off.e premrs6. Rentalforthespa6thatthelafte.ocups Renialin20i2aid20 stp 1e e n t e d a s p ao ff to t h s l n . o m e r n t h e on lhese k There devab andpayabe in.ome. areio outstanding 2012 Ma(rr 3i,20r2 r4arch 31.20130{embe.31, and reenent 'lih BDO lnb:ik E) In 2012. theParentcono . e wherenBDlUtrbank cw bia r g e t r E P a r e i t C o m p a n y t u f formergovidGtotheafter.MaiaoemonllespaidbytheParentCompanvtoBDOLrbankr nthe 2012 na costs andExDeoses shown a; pa'tof otheroperatiiq lo themanaqemnt sel.es il rendeE Reftairor ncome. Aso, theParent Company charqdBDO -rh asoano.orrre'li.omen rrE l0l2 ! 6DO Reilal. s is Dr6entes eq . e v a b e : np d. r . i e o i l r e ; e h.e , ea , en o o ! G t ? n d irn i . o m e o t t hP e aren Cto m p a niy transact onsasor thecf,dor lNrl

of BDocapta ad F) TheParent Company eiEaoed theservi.es seru c6 re.tedto the (8DO y uddeturtng of BDo llnibankfor Caoita a sho owned sub6idiary ), padbvtheParent comp.iv in 2013,P@fessionalr Parent c.mpa.yt Gsuance of bilspayable gDo paftofc costs and her operating is ncluded as tal rclated to thls banection to cap i ofcofrprehensive Etensd n thel'larch 2013 aid 2012 siatement end of20r3. tratr$cton ds of the related oi this .urstanditrq Dayable rheGroup als oranieo.ash ad!an(6io anoTf.ern 2012

commitments andconiinge.ci abi ti6 and mav lncurcontingent rn the ordirary cou6eof busin6s,the company tranectiofs pending iiom normalblsine$ g0aBnte6and itiqat oi ansing as comotfents slch not antciD.te l'lanaqement does liancial stlteme.ts in the acconpadyidg which ae notshown atre.t the thdt would adve6elY and cont.qencies losss frcm th* comdltnents slonificant

ihe.urent b!3n*s cL,ma ilanagemed is contnuousy eva uatirq w .c5 the ieedaGs lhe.omDanv ofthe.omoadv on theprsento@Gtiors ..oicnrcevents 'ts i.oqnrze related eir{ts n theenfliq finan.asDteme

pan'cuadv on 3id subsdmis we as*$ed the financarsk dposu.eof lh. comDanv 'nateia Pould ihere were rc chaigs thai v inte6! adit,market andlquidil/r si6. curency, of the@mpanv. andr6u ts or-operaton afiect theftuncialcondlton tsks, and RrskManagemnt of the ompanyt credit 'sks, marketrisks,liquiditv strudu4andphiGophv ooerauona riskss an s*.tiaL orrt of the compaiv!oqaniaiional ftomihe Bdd 'f pocetsis eoti.ly alopnownprd$s thatemanates The sk matraqemenl and isk polici6 rsk, includinq theoveralliisttuhonaltoedncelor D rcctoB,lheSoard aOprovs riskPh osophy ortheComrny

Plsns for the Next quartEr . LEsinq roict our podude, sp4lallv thru BDO We wjll onunue !o e\tenslvely branchnet@rk BDo unibaik, & Finane! bdnch6, Al5o,useof the extensjve Iic. w ll be puded t ' booet fermls andullmatelyou. busids rclumd we will d*lop quipmeot vindor^upplier tie-upsto qpand fra(et p@ncc

. . . -

Wewill ddnd andooumlze our sour@ of fundsto rutch our a$et g@th and help hanage ourtundinq @sts. puEued to ensuethat be@ntinuouslv *oenrs shailalso Control @eropedtins withthe ldel of ldure bookinos whichis compauble $4 rdaln at a leveL we will @ntinueto p!6ue poe$ hprdemenLs thouoh vaious initiativs ln sLknoEs orderto imo@e our seNiG to our various we aq!rc$i!ly tap the dktlnq coaodte aaounts of 8Do InstituuoialBankinq iof ocsibl easerequiErents. Grouo

PA8.!!:-qT]l!B MIBEa!S!

E4lanation for each infoma in our intiim financialstatenents

B.

ExpLandtory commenrs about !heseasonaL,rl o. cyclicdLLry ol trterin, opofrfonr. Thecompanf i! d6t affeted b, seaenatity ot ct tidlity fa.to6 when atra41. to ioE in fiaaacial Eporting sin@ the.e arc no pnducE ot rtui.es that ate

c.

Thenatlreandamounl ol items affednoassersi iablites, equiry, nerricome, or . a s r r f l o w s t h a t a e u . ub se uu as e o ft h e r n a t u e , s i z e , o r i n c i d e n t s

D.

Ihe nalure a.d aibufi of changes in stmates oTamounts eoord n prior ntefi n estmrtesof amounis oerodsol tlie curent fiianca yedror.hanges rported n pror nnancial yea6, if thosecha$es have: matera effectin rhe cu.renritrrm

u., -.

"p.r dd

d p d tp

.o rFbd,d-q.,, -.,

For the fi6t quafter of zot, the Coorpany hae is3ued b ls payable amourtins b Pq8A.7l4 atd tude total patmerts or its bils p.rable amourtinq to F Dvide.dspaid( aggregate or pershare) seFratelvfor ordinary shares andothe; Ot Aptit 1& 2Ot2/ the BOD apprcted the derlaratior oI .ash dividetds at P0-05 pe. shar4 anioudtirg Plaa,l di ioa. fhe Apn! 2Ot2 dividends were declarcd in fatu. ot stekhotce6 of re.o.d as of Ma, 3t 2012 aa.! said dividends wqe paid subseatet4r on tune 27. 2012. rhere is no Djvidends de.ta.atio, ard paymett for the rtEt qtarter ol 2013, fhere ale no dividerds paid on othet sndrcs as the Compary has onry.omhod tha.es at ouLttzrding stocks as of May 3L 2072, the di'idedds'date ot .e@td. G Segmeia .r ge.qraplrca everue and seomentresut tor bu5nessseqments

llareiar eventssubkquentto the enn of the nterm percd lh for the ifterimpsod reftu1ed in rhelinancialst tements trot appliable - fhere we.e do frateial eventt sabsequeDt to the ead of dte inEin period that hare not befi refiected i4 the financial statetuents fo. the of tlre ssuer durng lhe lnle m period, The efTect rn the conpositon ol chanqes oi aries and onqterm naton, acqu stion of d sposa subsid n.ludru bueness comb Not appti.,ble fherc a.e no business conbi.ation, a.quisitio, or dispoal of sia.e the last inte.im balan@ theet inr$tnetg subsidia.l and loDg ttu r a<sets. lab' 'tes or.ontingent changs n.onnnqent rhte we.e no chan96 it .oltiaqent liabiliti$ Not aopliabie asftrs si..e the last iate'id batar@ sheet dara K o. .ontingelt

oar are anda.y othfeve.ls or transa.i'on5 Ef, slence of materlacontnqencis naLeaarro oft ar u.de6tandrnq Nct aDplicnbJe- There we.e no.xjsting nateial cortjrqen.ia event3 0. t.a6a.a:ors that woutd afie.t thz urde,elanditg
and ary othe. of the uftat

co4git.o0 or Financiar r'ranaoemenrs oiscusrio.and4rd!y!5!5li!q4)

ard Resultsofopeiations l(Pad III. Par.(AX2xb)l ftes known to 3 Dscussion and analyss of rute al venvs and uncerta nanaqement that would add.essthe pan and woud have an npact on ruture ol the foloiw ng: operation5 Ary hatun tendt dmnds conntnents, ele1ls ar un.etteinties that narenbl inpa.t an the Rs!43 ttqtllq. ! have a

rJot appti.abte - Therc we.e do kdowl t.ends, demaatJs. .onmtdenB' events or tI@tainha ahat wilt hzfe a nateriat inpa.t on the omtdnla

A.

Anr eenLs thet n tugger dtr{t ar.a.th1ent finan.ial abttla the .m@ny, lnclLding any delduttat acclffibbn ar an odi1atioa Not applicable. fherc arc ao events that wi trigge' di;4t fitanahl obligatiot thar is maaetul to the empaay, o' @ntinoent

C.

Alt natital aff-baiance shet ttanscti@s, ardtgenenE, obligaLia.s (tftlLdinq .onat:.g-qt abtiqat@ns), and arhet etaaibnships of the .onpshy rlh uhca.elilaLe7 .ntties o. othe. pecons.teatd duing the epattrng perDd Not a?piiable, The.e a.e da fraterial otr-balance shet tnnsactionsl at'adqetaente, obliOatiois aDd other rclatioDships of the .onpity with ur@Molidated e4tni6 or oher pemns ctmted du.ing the .epo.ting pe.iod.

D.

Any naEnbl cannitnots for captal expenditute the 4eherat pu.Nse .f tu.h cafrhitrents and the dpd.tec nutes bf tunosfar sdch expenditlt.s. Not appli@ble no maae al comditoe'E to, .apital

E.

Ant knawn lfehdt event\ a. uftenaintEs that ltsve had at th.t ap r&en.bl/ dplEd b have a tutetut tava.ableot unraroable nqa.a o n n.onre hon ca.bhuing opqatons. \ot appliable - There were no krowa trcrds, events or un@rtaittig tbat have had or that are .easodabtl expected to have a date.ial favorabte or (nfavonble idpact on tet eales / tesenues / incone fron .nan'rinq

Any sgnttcant e/erenE at n.one ar i,ss llEt d(1 rol @nrndrn9atv6tions. l'|ot appliable - rheE were no sonifiart elemet6 of in would hate suna.ed in the .ofrparlt @ttituinq opehtion..

H.

Any faen.l

aspeds that had a naEnzl etr{r an rhe ,nancial .o4ditbn or tdults of etrect on

Not appliGbte. There a,e no seasoral asperTs that has a ',at4rkl the tinanabl ondition or results of opemtions.

800 LEASIXG & F TXCE! rNC. rtro SUBSToTARY

xd$sm*lr3s.l!.rc.omp'ir.dolrh.rollowln!:

(51.0) 1153.7)

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SIGI{ATURES

dulv@used code, theisuer has Pu6uaitto therequi|!@ts of the54untj6 Regllation by the undeErgied this Eport rMa(h 2o1l sEc Fom 17o RMro to be igied on lts behalf

IlL ESO!EA54G&rX4!GE

"i:'"* rDE T/COMPIROIRI,A

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!{!r30.2013