Quarterly Management Discussion & Analysis (MDA300905.pdf)

Insurance, Pension Plan and CapitalizationOn June 30, 2005R$ MillionCash and Cash Equivalents 14 3 3 19Securities 1,081 11,116 1,302 13,426Other Assets 1,170 293 16 1,483Technical Provisions - Insurance 1,150 302 - 1,451Technical Provisions - Pension Plan 1 9,972 - 9,973Technical Provisions - Capitalization - - 1,088 1,082Other Liabilities 870 291 118 1,207Statement of Income of the SegmentR$ MillionRevenues from Insurance (a) 460 119 - 579Revenues from Pension Plans (b) - 922 - 922Revenues from Capitalization (c) - - 220 216Insurance (d) (22) (22) - (45)Pension Plans (e) - (515) - (515)Capitalization (f) - - (181) (178)Financial Margin 42 63 39 135Service Fees - 40 - 40Non-Interest Expenses (85) (36) (22) (143)Tax Expenses of ISS, PIS and COFINS (14) (6) (3) (23)Other Operating Income 4 1 1 5Non-Operating Income 3 (3) 3 3Income Tax / Social Contribution (1) (32) (14) (44)Profit Sharing (4) (0) - (4)NB: The consolidated figures do not represent the sum of the parts, because there are intercompany transactions that were only eliminated at the consolidated level.The information on VGBL was classified together with the pension plan productsNon-Interest Expenses are made up of Personnel Expenses, Other Administrative Expenses, Tax Expenses for CPMF and Other Taxes and Other Operating Expenses.31 Management Discussion and AnalysisBanco Itaú Holding Financeira S.A.