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Consolidated Statement of Financial Position
$ in Millions, $ in Millions
Dec. 31, 2018
USD ($)
[1]
Dec. 31, 2018
COP ($)
Dec. 31, 2017
COP ($)
[2]
Assets      
Cash and cash equivalents $ 8,739.5 $ 28,401,283 $ 22,336,838 [3]
Trading assets 2,216.9 7,204,312 5,128,088
Investment Securities 7,086.7 23,030,159 21,513,199
Hedging derivatives assets 9.3 30,138 55,261
Loans:      
Commercial 31,512.9 102,408,977 99,428,894
Consumer 17,064.4 55,455,064 50,382,895
Mortgages 5,721.1 18,592,103 16,151,299
Microcredit 131.0 425,697 409,688
Total loans 54,429.4 176,881,841 166,372,776
Allowance for impairment losses (2,522.1) (8,196,187) (5,618,481)
Total loans, net 51,907.3 168,685,654 160,754,295
Other accounts receivable, net 2,862.0 9,300,643 6,521,883
Non-current assets held for sale 57.5 186,714 101,382
Investments in associates and joint ventures 302.4 982,743 1,043,014
Tangible assets:      
Property, plant and equipment for own-use and given in operating lease, net 1,744.1 5,667,953 5,804,073
Investment properties 257.4 836,324 783,794
Biological assets 25.9 84,206 66,139
Total Tangible assets 2,027.4 6,588,483 6,654,006
Intangibles      
Concession arrangement rights 1,696.9 5,514,481 3,114,167
Goodwill 2,252.0 7,318,594 6,901,056
Other intangible assets 318.1 1,033,884 848,681
Total Intangibles 4,267.1 13,866,959 10,863,904
Income tax assets:      
Current 182.7 593,837 907,476
Deferred 105.0 341,338 139,423
Total Income tax assets, net 287.8 935,175 1,046,899
Other assets 142.4 462,890 519,771
Total assets 79,906.2 259,675,153 236,538,540
Liabilities      
Trading liabilities 249.7 811,305 298,665
Hedging derivatives liabilities 60.2 195,539 13,464
Customer deposits:      
Checking accounts 12,217.2 39,702,878 36,017,602
Savings accounts 17,608.0 57,221,439 55,778,677
Time deposits 20,571.7 66,853,012 62,616,163
Other 179.1 582,122 472,782
Total Customer deposits 50,576.0 164,359,451 154,885,224
Financial obligations      
Interbank borrowings and overnight funds 2,096.8 6,814,078 4,970,430
Borrowings from banks and others 6,342.3 20,610,766 18,205,320
Bonds issued 6,197.5 20,140,350 19,102,196
Borrowings from development entities 1,122.2 3,646,796 2,998,090
Financial Obligations 15,758.7 51,211,990 45,276,036
Provisions:      
Legal related 38.8 125,929 165,353
Other 175.2 569,359 527,262
Total Provisions 214.0 695,288 692,615
Income tax liabilities:      
Current 127.2 413,456 330,828
Deferred 665.0 2,160,942 1,696,843
Total Income tax liabilities 792.2 2,574,398 2,027,671
Employee benefits 389.2 1,264,881 1,238,172
Other liabilities 2,771.9 9,007,953 6,235,466
Total liabilities 70,811.8 230,120,805 210,667,313
Equity      
Subscribed and paid-in capital 6.9 22,281 22,281
Additional paid-in capital 2,607.1 8,472,336 8,303,431
Retained earnings 2,645.8 8,598,319 7,174,418
Other comprehensive income 214.4 696,773 786,866
Equity attributable to owners of the parent 5,474.2 17,789,709 16,286,996
Non-controlling interest 3,620.2 11,764,639 9,584,231
Total equity 9,094.3 29,554,348 25,871,227
Total liabilities and equity $ 79,906.2 $ 259,675,153 $ 236,538,540
[1] See note 2.4, “convenience translation into U.S. dollars”.
[2] See note 2.32, Changes in presentation.
[3] See note 2.5 “Changes in accounting policies”.