2004 Administration

Balance Sheet – PREVI Futuro Benefit Plan


(R$thousand)
 Assets 2004 2003

Assets 262.220 157.726
Available / Disposable
To be received
Investments
Fixed Income
Loans / Financing
16
262
261.942
239.376
22.566
26
176
157.524
151.997
5.527

Liabilities 2004 2003

Liabilities 262.220 157.726
To be Paid
Commitment to Associates and Assisted
Funds
Accumulated Technical Surplus
1.787
260.189
244
-
1.137
156.564
25
-

 

 

Results Statement – Benefit Plan 1


(R$thousand)
 Description 2004 2003

(+)
(-)
(+/-)
(=)
(-)
(-/+)
(-/+)
(=)
Contributions
Benefits
Investments Return
Net Resources
Administration Expenses
Structure (Util.) of Commitments w/ Associates
Structure (Util.) of Funds for Future Risks
Administration Surplus (Deficit)
79.885
(2.234)
30.428
108.079
(4.235)
(103.625)
(219)
-
50.982
(1.010)
27.768
77.740
(2.686)
(75.037)
(17)
-

 

PREVI Futuro Benefit Plan 1 presented an annual variation on balance sheet quotas of 16,89% (29,34% in 2003), which represented a 103,94% valuation of the Average Selic Rate. Most of the Plan’s resources are under the BB Maxi Financial investment Fund, managed by BB-DTVM.

To be able to sustain all expenses attached to the Plan’s administration were accounted for cost effects, resources generated by the following programs:

a) c) Social Security – 5% on regular contributions – R$3,994,086.40 (R$2,548,529.64 in 2003);

b) d) Investments – R$241,018.67 (R$137,229.71 in 2003)



Sérgio Ricardo Silva Rosa
President • CPF 003.580.198-00
Francisco Ferreira Alexandre
Administration Director • CPF 301.479.484-87
Celene Carvalho de Jesus
Accountant • CRC-DF-011282/O-S-RJ
José Angelo Rodrigues
Actuary • MIBA 937