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PREMISES AND EQUIPMENT, NET (Tables)
12 Months Ended
Dec. 31, 2024
Disclosure of detailed information about property, plant and equipment [abstract]  
Schedule of premises and equipment total
As of December 31, 2024 and 2023, the premises and equipment, net consisted of the following:
CompositionDecember 31, 2024December 31, 2023
In millions of COP
Premises and equipment for own use, net2,650,602 2,525,254 
Premises and equipment in operating leases, net3,255,462 3,997,280 
Total premises and equipment, net5,906,064 6,522,534 
Premises and equipment total
Premises and equipment totalBalance at
January 1,
2024
Roll - forwardBalance at
December 31,
2024
Additions
Expenses
depreciation and
impairment(1)
DisposalsTransfersEffect of
changes in
foreign
exchange
rate
In millions of COP
Total premises and equipment - cost9,062,128 1,079,129 (346,801)(1,321,553)218,190 8,691,093 
Total premises and equipment - accumulated depreciation(2,539,594)(633,755)162,006 332,665 (106,351)(2,785,029)
Total premises and equipment - accumulated impairment- (842)842 - 
Total premises and equipment, net6,522,534 1,079,129 (634,597)(183,953)(988,888)111,839 5,906,064 
(1)See Note 26.3. Impairment, depreciation and amortization.
Premises and equipment total
Premises and equipment totalBalance at
January 1,
2023
Roll - forwardBalance at
December 31,
2023
Additions
Expenses
depreciation and
impairment(1)
DisposalsTransfersEffect of
changes in
foreign
exchange
rate
In millions of COP
Total premises and equipment - cost9,166,204 1,522,986 (245,728)(1,035,484)(345,850)9,062,128 
Total premises and equipment - accumulated depreciation(2,439,138)(636,376)137,696 229,119 169,105 (2,539,594)
Total premises and equipment - accumulated impairment- (4,480)4,480 - 
Total premises and equipment, net6,727,066 1,522,986 (640,856)(103,552)(806,365)(176,745)6,522,534 
(1)See Note 26.3. Impairment, depreciation and amortization.
Schedule of premises and equipment for own use
As of December 31, 2024
Premises and equipment for own use
Premises and equipment for own useBalance at
January 1,
2024
Roll - forwardBalance at
December 31,
2024
Additions(1)
Expenses
depreciation and
impairment(2)
Disposals(3)
Transfers(4)
Effect of
changes in
foreign
exchange
rate
In millions of COP
Land
Cost517,405 (8,729)1,437 28,520 538,633 
Construction in progress
Cost83,633 27,273 (19,945)(51,842)7,570 46,689 
Buildings
Cost1,740,005 14,187 (17,843)42,645 97,040 1,876,034 
Accumulated depreciation(493,196)(36,311)5,581 865 (51,608)(574,669)
Furniture and fixtures
Cost678,138 88,033 (20,444)98 34,340 780,165 
Accumulated depreciation(415,517)(42,332)15,163 (6)(22,020)(464,712)
Accumulated impairment(441)441 
Computer equipment
Cost974,433 163,304 (111,079)(1,857)48,143 1,072,944 
Accumulated depreciation(592,436)(116,102)93,511 (31,407)(646,428)
Accumulated impairment(401)401 
Vehicles
Cost33,980 4,809 (5,174)445 2,374 36,434 
Accumulated depreciation(17,306)(6,007)4,762 17 (1,276)(19,810)
Leasehold improvements
Cost16,637 33,848 (44,781)203 5,907 
Accumulated depreciation(522)(23)(40)(585)
Total premises and equipment for own use - cost4,044,231 331,454 - (183,214)(53,855)218,190 4,356,806 
Total premises and equipment - accumulated depreciation(1,518,977)- (200,775)119,017 882 (106,351)(1,706,204)
Total premises and equipment - accumulated impairment- - (842)842 - - - 
Total premises and equipment for own use, net2,525,254 331,454 (201,617)(63,355)(52,973)111,839 2,650,602 
(1) Corresponds mainly to Bancolombia S.A due to:
Computer equipment, mainly: ATMs, laptops, central processing unit (CPU) and security cameras.
Furniture and fixtures, mainly: Condensing unit, modular system, handling unit and Chiller (complementary air conditioning equipment), power plant and cashier stand.
Leasehold improvements, mainly: Cosmocentro building, Carrera Primera Branch and Calle 76 Branch.
(2) See Note 26.3. Impairment, depreciation and amortization.
The impairment, mainly in Bancolombia S.A, corresponds to the procedure defined in the assets for obsolescence, accidents and others, which results in the write-off of the asset.
(3) Corresponds mainly to Bancolombia S.A in computer equipment due to obsolescence of ATMs and laptops.
(4) Corresponds mainly to Bancolombia S.A. for transfer to right-of-use assets due to completion of improvements and activation of contracts, the most significant improvements being in branches and activation due to completion of improvements of other assets.
As of December 31, 2023
Premises and equipment for own use
Premises and equipment for own useBalance at
January 1,
2023
Roll - forwardBalance at
December 31,
2023
Additions
Expenses
depreciation and
impairment(1)
DisposalsTransfersEffect of
changes in
foreign
exchange
rate
In millions of COP
Land
Cost605,713 3,750 (3,738)(39,665)(48,655)517,405 
Construction in progress
Cost51,839 46,846 (15,052)83,633 
Buildings
Cost1,878,689 25,644 (30,968)18,311 (151,671)1,740,005 
Accumulated depreciation(535,550)(38,565)10,828 (11,916)82,007 (493,196)
Accumulated impairment(153)153 
Furniture and fixtures
Cost709,894 57,565 (29,474)(6,522)(53,325)678,138 
Accumulated depreciation(432,992)(44,238)25,956 35,757 (415,517)
Accumulated impairment(797)797 
Computer equipment
Cost1,007,230 129,012 (91,096)2,416 (73,129)974,433 
Accumulated depreciation(595,991)(114,887)73,226 (4,100)49,316 (592,436)
Accumulated impairment(1,507)1,507 
Vehicles
Cost31,713 9,967 (6,709)2,489 (3,480)33,980 
Accumulated depreciation(19,506)(5,331)5,650 (14)1,895 (17,306)
Leasehold improvements
Cost9,661 26,950 (19,436)(538)16,637 
Accumulated depreciation(627)(25)130 (522)
Total premises and equipment for own use - cost4,294,739 299,734 - (161,985)(42,407)(345,850)4,044,231 
Total premises and equipment - accumulated depreciation(1,584,666)- (203,046)115,660 (16,030)169,105 (1,518,977)
Total premises and equipment - accumulated impairment- - (2,457)2,457 - - - 
Total premises and equipment for own use, net2,710,073 299,734 (205,503)(43,868)(58,437)(176,745)2,525,254 
(1)See Note 26.3. Impairment, depreciation and amortization.
Schedule of premises and equipment in operating leases
Premises and equipment in operating leases
Premises and equipment in operating leasesBalance at
January 1,
2024
Roll - forwardBalance at
December 31,
2024
Additions
Expenses
depreciation and
impairment(1)
DisposalsTransfersEffect of
changes in
foreign
exchange
rate
In millions of COP
Furniture and fixtures
Cost2,091 2,091 
Accumulated depreciation(614)(254)(868)
Computer equipment
Cost228,161 73,678 (15,015)(21,594)265,230 
Accumulated depreciation(95,638)(63,251)12,730 21,294 (124,865)
Vehicles(2)
Cost4,787,645 673,997 (148,572)(1,246,104)4,066,966 
Accumulated depreciation(924,365)(369,475)30,259 310,489 (953,092)
Total premises and equipment in operating leases - cost5,017,897 747,675 - (163,587)(1,267,698)- 4,334,287 
Total premises and equipment - accumulated depreciation(1,020,617)- (432,980)42,989 331,783 - (1,078,825)
Total premises and equipment in operating leases, net3,997,280 747,675 (432,980)(120,598)(935,915)- 3,255,462 
(1)See Note 26.3. Impairment, depreciation and amortization
(2)The decrease is mainly due in Bancolombia S.A due to cancellations and transfers to inventories of vehicles leased.
Premises and equipment in operating leases
Premises and equipment in operating leasesBalance at
January 1,
2023
Roll - forwardBalance at
December 31,
2023
Additions
Expenses
depreciation and
impairment(1)
DisposalsTransfersEffect of
changes in
foreign
exchange
rate
In millions of COP
Furniture and fixtures
Cost2,091 2,091 
Accumulated depreciation(360)(254)(614)
Computer equipment                    
Cost150,969 66,833 (4,463)14,822 228,161 
Accumulated depreciation(66,577)(49,364)3,855 16,448 (95,638)
Vehicles                  
Cost4,718,405 1,156,419 (79,280)(1,007,899)4,787,645 
Accumulated depreciation(787,535)(383,712)18,181 228,701 (924,365)
Accumulated impairment- - (2,023)2,023 - - 
Total premises and equipment in operating leases - cost4,871,465 1,223,252 - (83,743)(993,077)- 5,017,897 
Total premises and equipment - accumulated depreciation(854,472)- (433,330)22,036 245,149 - (1,020,617)
Total premises and equipment - accumulated impairment- - (2,023)2,023 - - - 
Total premises and equipment in operating leases, net4,016,993 1,223,252 (435,353)(59,684)(747,928)- 3,997,280 
(1)See Note 26.3. Impairment, depreciation and amortization.