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Banco Itaś Holding Financeira S.A.
Notes to the Consolidated Financial Statements
Quarters Ended in June 30, 2004 and 2003
STATEMENT
OF CASH FLOW
a) ITAŚ HOLDING CONSOLIDATED
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01/01 to 06/30/2004
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01/01 to 06/30/2003
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Adjusted net income
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5,125,219
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3,210,548
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Net income
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1,824,916
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1,490,461
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Adjusted net income:
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3,300,303
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1,720,087
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Adjustment to market value of securities and derivative financial
instruments (assets/liabilities)
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194,457
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(517,798)
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Allowance for loan losses
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745,758
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932,465
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Results from operations with subordinated debt
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413,950
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(230,715)
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Results from operations with foreign payment order
securitization
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173,345
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(253,898)
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Change in technical provision for insurance, pension plan and
capitalization
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1,477,907
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971,971
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Assets deferred income tax
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34,634
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(76,411)
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(Income) deficit on disposal of assets
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(6,339)
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31,794
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Equity in the results of associated and subsidiary companies
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(92,009)
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61,752
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Exchange variation of permanent asset and assets not for own
use
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(9,102)
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6,246
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Extraordinary result in associated companies - amortization of
goodwill
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(4,844)
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573,843
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Provision for losses
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3,697
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23,345
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Depreciation and amortization
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276,252
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298,834
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Minority interest result
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92,597
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(101,341)
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Changes in assets and liabilities
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(2,484,774)
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5,484,151
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(Increase) Decrease in short-term interbank investments
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3,631,224
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2,119,837
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(Increase) Decrease in securities and derivative financial
instruments (Assets/Liabilities)
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583,762
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(405,233)
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(Increase) Decrease in compulsory deposits with Brazilian
Central Bank
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(587,027)
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2,135,193
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(Increase) Decrease in interbank and interbranch accounts
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245,970
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190,621
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(Increase) Decrease in loan, lease and other credit operations
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(4,566,087)
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(956,686)
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(Increase) Decrease in other credits and assets
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(147,566)
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42,094
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(Increase) Decrease in foreign exchange portfolio (asset)
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(3,131,205)
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1,446,760
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(Decrease) Increase in technical provisions for insurance,
pension plan and capitalization
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100,331
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13,520
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(Decrease) Increase in other liabilities
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1,436,621
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878,728
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(Decrease) Increase in deferred income
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(50,797)
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19,317
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Operating Activities - net cash provided by (invested)
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2,640,445
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8,694,699
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Interst on own capital/Dividends received from associated
companies
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41,782
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-
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Sale of assets not for own use
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62,675
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85,201
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Sale of investments
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9,627
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12,810
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Sale of fixed assets for use
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18,348
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14,896
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Decrease in deferred charges
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6,709
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1,214
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Purchase of assets not for own use
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(47,893)
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(67,125)
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Purchase of investments
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(23,694)
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(32,072)
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Goodwill in the acquisition of investments
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-
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(539,474)
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Purchase of fixed assets for use
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(208,928)
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(191,389)
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Deferred charges
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(48,073)
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(80,273)
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Change in participation of minority interest
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(8,339)
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10,442
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Investment Activities - net cash provided by (invested)
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(197,786)
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(785,770)
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Increase (decrease) in deposits
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(656,376)
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(4,171,406)
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Increase (decrease) in money market
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(3,937,201)
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(128,280)
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Increase (decrease) in funds for issuance of securities
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32,241
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530,245
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Increase (decrease) in liabilities by borrowing and onlendings
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264,413
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(2,005,146)
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Increase (decrease) foreign exchange portfolio (Liability)
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2,980,219
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(1,352,571)
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Increase (decrease) in credit card operations
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(179,200)
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(223,363)
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Increase (decrease) in foreign payment order securitization
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(114,189)
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(14,361)
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Increase (decrease) in liabilities for subordinated debt
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(185,410)
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(728,168)
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Granting for share options
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49,186
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17,456
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Share subscription
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-
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522,220
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Purchase of own shares
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(284,886)
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(122,303)
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Interest on own capital paid
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(843,472)
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(664,308)
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Financing Activities - net cash provided by (invested)
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(2,874,675)
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(8,339,985)
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INCREASE /(DECREASE) IN CASH AND CASH EQUIVALENTS, NET
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(432,016)
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(431,056)
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At the beginning of the period
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2,156,958
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1,894,256
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At the end of the period
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1,724,942
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1,463,200
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INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS, NET
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(432,016)
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(431,056)
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b) ITAŚ HOLDING
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01/01 to
06/30/2004
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01/01 to
06/30/2003
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Adjusted net income (loss)
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(32,048)
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(2,757)
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Net income
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1,799,567
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1,684,164
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Adjusted net income:
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(1,831,615)
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(1,686,921)
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Deferred taxes
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(137,990)
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(2,338)
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Equity in the results of associated and subsidiary companies
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(1,693,625)
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(1,684,583)
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Change in assets and liabilities
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(99,968)
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(44,963)
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(Increase) Decrease in short-term interbank investments
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(87,364)
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(48,910)
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(Increase) Decrease in securities and derivative financial
instruments
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(49,048)
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2,129
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(Increase) Decrease in other credits and liabilities
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36,444
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1,818
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Operating Activities - net cash provided by (invested)
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(132,016)
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(47,720)
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Interest on own capital and dividends received from
subsidiaries
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1,443,028
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835,444
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Investment Activities - net cash provided by (invested)
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1,443,028
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835,444
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Increase (Decrease) in deposits
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(152,342)
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(2,247)
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Acquisition of Investments
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(30,268)
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-
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Purchase of treasury shares
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(284,886)
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(121,135)
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Interest on own capital paid and/or provisioned
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(843,472)
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(664,308)
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FINANCING ACTIVITIES - Net cash provided by (invested)
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(1,310,968)
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(787,690)
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INCREASE IN CASH AND CASH EQUIVALENTS, NET
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44
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34
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At the beginning of the year
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13
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3
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At the end of the year
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57
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37
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INCREASE IN CASH AND CASH EQUIVALENTS, NET
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44
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34
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