Quarterly Management Discussion & Analysis (MDA300905.pdf)
Quarterly Management Discussion & Analysis (MDA300905.pdf) Quarterly Management Discussion & Analysis (MDA300905.pdf)
Pro Forma Financial Statements by SegmentThe following tables are based on the pro forma financial statements of Itaubanco, Itaú BBA and Itaucred, usinginternally generated information, in such a way as to more accurately reflect the activity of the business units.On September 30, 2005R$ MillionCash and Cash Equivalents 2,010 43 - 0 2,053Short-term Interbank Deposits 36,911 16,038 - 1,067 23,176Short-term Interbank Deposits - Intercompany 18,173 11,641 - - -Other 18,739 4,397 - 1,067 23,176Securities 21,606 9,126 - 2,774 30,830Interbank and Interbranch Accounts 11,995 49 - 0 12,006Loans 24,294 17,135 14,143 - 55,573(Allowance for Loan Losses) (2,852) (277) (526) - (3,656)Other Assets 21,590 1,592 132 312 21,892R$ MillionDeposits 49,636 21,954 - - 44,488Deposits - Intercompany 7,966 18,173 - - -Other 41,670 3,782 - - 44,488Securities Repurchase Agreements 10,185 4,117 9,973 - 20,433Securities Repurchase Agreements - Intercompany 3,675 - - - -Other 6,510 4,117 9,973 - 20,433Funds from Acceptances and Issue of Securities 4,915 329 - - 4,753Interbank and Interbranch Accounts 2,548 520 - - 3,030Borrowings 1,716 6,845 29 - 8,590Derivative Financial Instruments 1,753 1,889 - 18 1,884Other Liabilities 25,906 4,233 2,326 1,248 31,673Technical Provisions 13,486 - - - 13,486Note: 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 2,001 240 628 235 3,104• Treasury 4 47 - (3) 48• Management of Foreign Exchange Risk from Investments Abroad -net of tax effects 127 51 - - 178Provision for Loan and Lease Losses (845) (36) (194) - (1,074)Credits Recoveries and Renegotiated 110 140 41 - 291Banking Service Fees 1,653 100 221 (3) 1,971Partial Result of Insurance, Capitalization and Pension Plans 183 - 0 - 183Non-Interest Expenses (1,992) (141) (459) (14) (2,606)Taxes Expenses for ISS, PIS and COFINS (281) (26) (51) (14) (372)Equity in the Earnings of Associated Companies - - - 17 17Other Operating Income 32 4 17 (7) 45Non-Operating Income 3 1 1 0 5Note: The item Non-Interest Expenses is composed by Personnel Expenses, Other Administrative Expenses, tax expenses for CPMF e Other taxes and Other Operating Expenses.24 Management Discussion and AnalysisBanco Itaú Holding Financeira S.A.
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.
- Page 5: Executive SummaryConsolidated State
- Page 10 and 11: Executive Summary - Third Quarter o
- Page 12 and 13: Analysis of the Consolidated Net In
- Page 14 and 15: Analysis of the Consolidated Net In
- Page 16 and 17: Analysis of the Consolidated Perfor
- Page 18 and 19: Analysis of the Consolidated Net In
- Page 20 and 21: Analysis of the Consolidated Net In
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- Page 26 and 27: Pro Forma Financial Statements by S
- Page 28 and 29: Itaubanco - Branch BankingThe state
- Page 30 and 31: Insurance, Pension Plan and Capital
- Page 32 and 33: Insurance, Pension Plan and Capital
- Page 34 and 35: Investment Funds and Managed Portfo
- Page 36 and 37: ItaucredThe following tables are ba
- Page 38 and 39: ItaucredVehiclesThe Vehicle segment
- Page 40 and 41: Risk ManagementMarket RiskBanco Ita
- Page 42 and 43: Risk ManagementCredit RiskCredit Op
- Page 44 and 45: Analysis of the Consolidated Balanc
- Page 46 and 47: Activities AbroadTrade Lines Raisin
- Page 48 and 49: Ownership StructureOwnership Struct
- Page 50: PricewaterhouseCoopersAv. Francisco
Pro Forma Financial Statements by SegmentThe following tables are based on the pro forma financial statements of Itaubanco, Itaú BBA and Itaucred, usinginternally generated information, in such a way as to more accurately reflect the activity of the business units.On September 30, 2005R$ MillionCash and Cash Equivalents 2,010 43 - 0 2,053Short-term Interbank Deposits 36,911 16,038 - 1,067 23,176Short-term Interbank Deposits - Intercompany 18,173 11,641 - - -Other 18,739 4,397 - 1,067 23,176Securities 21,606 9,126 - 2,774 30,830Interbank and Interbranch Accounts 11,995 49 - 0 12,006Loans 24,294 17,135 14,143 - 55,573(Allowance for Loan Losses) (2,852) (277) (526) - (3,656)Other Assets 21,590 1,592 132 312 21,892R$ MillionDeposits 49,636 21,954 - - 44,488Deposits - Intercompany 7,966 18,173 - - -Other 41,670 3,782 - - 44,488Securities Repurchase Agreements 10,185 4,117 9,973 - 20,433Securities Repurchase Agreements - Intercompany 3,675 - - - -Other 6,510 4,117 9,973 - 20,433Funds from Acceptances and Issue of Securities 4,915 329 - - 4,753Interbank and Interbranch Accounts 2,548 520 - - 3,030Borrowings 1,716 6,845 29 - 8,590Derivative Financial Instruments 1,753 1,889 - 18 1,884Other Liabilities 25,906 4,233 2,326 1,248 31,673Technical Provisions 13,486 - - - 13,486Note: 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 2,001 240 628 235 3,104• Treasury 4 47 - (3) 48• <strong>Management</strong> of Foreign Exchange Risk from Investments Abroad -net of tax effects 127 51 - - 178Provision for Loan and Lease Losses (845) (36) (194) - (1,074)Credits Recoveries and Renegotiated 110 140 41 - 291Banking Service Fees 1,653 100 221 (3) 1,971Partial Result of Insurance, Capitalization and Pension Plans 183 - 0 - 183Non-Interest Expenses (1,992) (141) (459) (14) (2,606)Taxes Expenses for ISS, PIS and COFINS (281) (26) (51) (14) (372)Equity in the Earnings of Associated Companies - - - 17 17Other Operating Income 32 4 17 (7) 45Non-Operating Income 3 1 1 0 5Note: The item Non-Interest Expenses is composed by Personnel Expenses, Other Administrative Expenses, tax expenses for CPMF e Other taxes and Other Operating Expenses.24 <strong>Management</strong> <strong>Discussion</strong> and <strong>Analysis</strong>Banco Itaú Holding Financeira S.A.
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