Quarterly Management Discussion & Analysis (MDA300905.pdf)

Pro Forma Financial Statements by SegmentOn June 30, 2005R$ MillionCash and Cash Equivalents 2,020 55 - 0 2,076Short-term Interbank Deposits 34,283 13,095 - 264 23,141Short-term Interbank Deposits - Intercompany 15,191 8,686 - - -Other 19,092 4,409 - 264 23,141Securities 19,113 7,979 - 4,294 29,157Interbank and Interbranch Accounts 13,087 37 - 0 13,105Loans 23,848 16,510 11,990 - 52,348(Allowance for Loan Losses) (2,508) (248) (487) - (3,242)Other Assets 25,446 1,189 149 656 25,167R$ MillionDeposits 45,327 18,930 - 563 43,694Deposits - Intercompany 5,223 15,191 - - -Other 40,104 3,739 - 563 43,694Securities Repurchase Agreements 9,924 3,006 8,444 - 17,888Securities Repurchase Agreements - Intercompany 3,463 - - - -Other 6,461 3,006 8,444 - 17,888Funds from Acceptances and Issue of Securities 5,204 621 - - 5,350Interbank and Interbranch Accounts 2,243 306 - - 2,530Borrowings 2,310 6,788 14 - 9,111Derivative Financial Instruments 1,647 1,544 - 3 1,684Other Liabilities 30,784 3,920 1,946 1,364 35,605Technical Provisions 12,506 - - - 12,506Note: The Consolidated figures do not represent the sum of the parts because certain intercompany transactions were eliminated only at the Consolidated level.Pro Forma Financial Statement by SegmentR$ Million• Banking Operations 1,991 238 521 206 2,956• Treasury (28) 214 - (3) 182• Management of Foreign Exchange Risk from Investments Abroad -net of tax effects 117 49 - - 166Provision for Loan and Lease Losses (648) 14 (47) - (681)Credits Recoveries and Renegotiated 131 14 45 - 190Banking Service Fees 1,562 96 194 (0) 1,852Partial Result of Insurance, Capitalization and Pension Plans 192 - - - 192Non-Interest Expenses (2,028) (176) (356) (14) (2,573)Taxes Expenses for ISS, PIS and COFINS (270) (32) (42) (12) (356)Equity in the Earnings of Associated Companies (0) - - (9) (9)Other Operating Income 48 (2) 16 9 71Non-Operating Income (2) 0 0 (0) (1)Note: The item Non-Interest Expenses is composed by Personnel Expenses, Other Administrative Expenses, tax expenses for CPMF e Other taxes and Other Operating Expenses.25 Management Discussion and AnalysisBanco Itaú Holding Financeira S.A.