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INCOME TAX - Deferred tax asset and liabilities classification (Details)
$ in Millions
12 Months Ended
Dec. 31, 2024
COP ($)
Asset Deferred Tax:  
Deferred tax asset, beginning balance $ 2,116,516
Effect on Income Statement (53,311)
Effect on OCI 302,791
Effect on Equity (2,701)
Tax Made (378,908)
Foreign Exchange 106,370
Adjustments for consolidation purposes 110,510
Deferred tax asset, ending balance 2,201,267
Liability Deferred Tax:  
Deferred tax liabilities, beginning balance (3,216,134)
Effect on Income Statement (674,363)
Effect on OCI 16,264
Effect on Equity (89)
Foreign Exchange (19,454)
Adjustments for consolidation purposes (122,238)
Deferred tax liabilities, ending balance (4,016,014)
Net Deferred Tax  
Beginning balance (1,099,618)
Effect on Income Statement (727,674)
Effect on OCI 319,055
Effect on Equity (2,790)
Tax Made (378,908)
Foreign Exchange 86,916
Adjustments for consolidation purposes (11,728)
Ending balance (1,814,747)
Property and equipment  
Asset Deferred Tax:  
Deferred tax asset, beginning balance 5,982
Effect on Income Statement 350
Effect on Equity (11)
Foreign Exchange (3,586)
Adjustments for consolidation purposes (67)
Deferred tax asset, ending balance 2,668
Employee Benefits  
Asset Deferred Tax:  
Deferred tax asset, beginning balance 259,406
Effect on Income Statement 23,532
Effect on OCI (4,747)
Foreign Exchange 4,410
Deferred tax asset, ending balance 282,601
Deterioration assessment  
Asset Deferred Tax:  
Deferred tax asset, beginning balance 416,452
Effect on Income Statement 20,417
Foreign Exchange 65,956
Adjustments for consolidation purposes 109,388
Deferred tax asset, ending balance 612,213
Investments evaluation  
Asset Deferred Tax:  
Deferred tax asset, beginning balance 5,061
Effect on Income Statement 316
Effect on OCI (118)
Foreign Exchange 19
Deferred tax asset, ending balance 5,278
Derivatives Valuation  
Asset Deferred Tax:  
Deferred tax asset, beginning balance 235,067
Effect on Income Statement (230,193)
Adjustments for consolidation purposes 1,189
Deferred tax asset, ending balance 6,063
Tax credits settlement  
Asset Deferred Tax:  
Deferred tax asset, beginning balance 34,940
Effect on Income Statement (29,859)
Effect on Equity (2,690)
Foreign Exchange 2,587
Deferred tax asset, ending balance 4,978
Financial Obligations  
Asset Deferred Tax:  
Deferred tax asset, beginning balance 0
Effect on Income Statement 197,660
Deferred tax asset, ending balance 197,660
Insurance operations  
Asset Deferred Tax:  
Deferred tax asset, beginning balance 13,319
Effect on Income Statement 19,541
Foreign Exchange 2,046
Deferred tax asset, ending balance 34,906
Net investment coverage in operations abroad  
Asset Deferred Tax:  
Deferred tax asset, beginning balance 528,438
Effect on Income Statement (94,400)
Effect on OCI 307,656
Tax Made (378,908)
Deferred tax asset, ending balance 362,786
Other deductions  
Asset Deferred Tax:  
Deferred tax asset, beginning balance 241,635
Effect on Income Statement 39,211
Foreign Exchange 9,438
Deferred tax asset, ending balance 290,284
Implementation adjustment  
Asset Deferred Tax:  
Deferred tax asset, beginning balance 376,216
Effect on Income Statement 114
Foreign Exchange 25,500
Deferred tax asset, ending balance 401,830
Property and equipment  
Liability Deferred Tax:  
Deferred tax liabilities, beginning balance (144,988)
Effect on Income Statement 20,635
Foreign Exchange (3,124)
Adjustments for consolidation purposes 12,839
Deferred tax liabilities, ending balance (114,638)
Deterioration assessment  
Liability Deferred Tax:  
Deferred tax liabilities, beginning balance (113,391)
Effect on Income Statement (714,178)
Foreign Exchange (2,773)
Adjustments for consolidation purposes (143,478)
Deferred tax liabilities, ending balance (973,820)
Participatory titles evaluation  
Liability Deferred Tax:  
Deferred tax liabilities, beginning balance (369,809)
Effect on Income Statement (25,930)
Effect on OCI 15,003
Foreign Exchange 2,742
Adjustments for consolidation purposes 0
Deferred tax liabilities, ending balance (377,994)
Derivatives evaluation  
Liability Deferred Tax:  
Deferred tax liabilities, beginning balance (10,045)
Effect on Income Statement (71,636)
Effect on OCI (87)
Foreign Exchange (1,179)
Adjustments for consolidation purposes 572
Deferred tax liabilities, ending balance (82,375)
Lease restatement  
Liability Deferred Tax:  
Deferred tax liabilities, beginning balance (215,411)
Effect on Income Statement (106,402)
Deferred tax liabilities, ending balance (321,813)
Investments in associates Adjustment for equity method  
Liability Deferred Tax:  
Deferred tax liabilities, beginning balance (79,584)
Effect on Income Statement 7,552
Effect on OCI 1,348
Effect on Equity (89)
Foreign Exchange 38,139
Adjustments for consolidation purposes 7,829
Deferred tax liabilities, ending balance (24,805)
Financial Obligations  
Liability Deferred Tax:  
Deferred tax liabilities, beginning balance (179,947)
Effect on Income Statement 179,496
Foreign Exchange (105)
Deferred tax liabilities, ending balance (556)
Goodwill  
Liability Deferred Tax:  
Deferred tax liabilities, beginning balance (1,573,966)
Effect on Income Statement 641
Foreign Exchange (1,035)
Deferred tax liabilities, ending balance (1,574,360)
Insurance operations  
Liability Deferred Tax:  
Deferred tax liabilities, beginning balance (13,949)
Effect on Income Statement (21,287)
Foreign Exchange (2,143)
Deferred tax liabilities, ending balance (37,379)
Properties received in payment  
Liability Deferred Tax:  
Deferred tax liabilities, beginning balance (148,462)
Effect on Income Statement 45,504
Foreign Exchange (2,032)
Deferred tax liabilities, ending balance (104,990)
Other deductions  
Liability Deferred Tax:  
Deferred tax liabilities, beginning balance (366,557)
Effect on Income Statement 11,242
Foreign Exchange (47,944)
Deferred tax liabilities, ending balance (403,259)
Implementation adjustment  
Liability Deferred Tax:  
Deferred tax liabilities, beginning balance (25)
Deferred tax liabilities, ending balance $ (25)