Quarterly Management Discussion & Analysis (MDA300905.pdf)

Pro Forma Financial Statements by SubsegmentOn June 30, 2005R$ MillionCash and Cash Equivalents 1,961 40 19 2,020Short-term Interbank Deposits 33,692 591 - 34,283Securities 5,072 615 13,426 19,113Interbank and Interbranch Accounts 13,087 - - 13,087Loans 21,050 2,798 - 23,848(Allowance for Loan Losses) (2,382) (125) - (2,508)Other Assets 23,056 908 1,483 25,446R$ MillionDeposits 45,327 - - 45,327Securities Repurchase Agreements 9,924 - - 9,924Funds from Acceptances and Issue of Securities 5,204 - - 5,204Interbank and Interbranch Accounts 2,243 - - 2,243Borrowings 2,147 163 - 2,310Derivative Financial Instruments 1,630 - 17 1,647Other Liabilities 25,270 4,325 1,189 30,784Technical Provisions - - 12,506 12,506Pro Forma Financial Statement by SubsegmentR$ Million• Banking Operations 1,621 234 135 - 1,991• Treasury (28) - - - (28)• Management of Foreign Exchange Risk from Investments Abroad - netof tax effects 117 - - - 117Provision for Loan and Lease Losses (568) (80) - - (648)Credits Recoveries and Renegotiated 101 30 - - 131Banking Service Fees 753 364 40 405 1,562Transfer to Banking 191 - - (191) -Partial Result of Insurance, Capitalization and Pension Plans 20 - 172 - 192Non-Interest Expenses (1,443) (329) (143) (113) (2,028)Taxes Expenses for ISS, PIS and COFINS (174) (55) (23) (18) (270)Equity in the Earnings of Associated Companies (0) - - - (0)Other Operating Income 24 18 5 - 48Non-Operating Income (5) 1 3 - (2)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.27 Management Discussion and AnalysisBanco Itaú Holding Financeira S.A.