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INCOME FROM CONTRACTS WITH CUSTOMERS
 12 Months Ended
Dec. 31, 2018
Income From Contract With Customers [Abstract]  
Disclosure of revenue from contracts with customers [text block]

NOTE 28 – INCOME FROM CONTRACTS WITH CUSTOMERS

Below is a detail of the income and expenses for commissions and fees of contracts with customers for the years ended as of December 31, 2018, 2017 and 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

December 31,

Income from commissions and fees

 

2018

 

2017

 

2016

Commissions on banking services

 

Ps.

2,718,482

  

Ps.

2,567,704

 

Ps.

2,436,692

Fees on credit cards

 

  

1,187,716

  

 

1,112,319

 

  

1,034,763

Pension and severance fund management

 

  

987,323

  

 

926,771

 

  

824,089

Trust activities

 

  

312,901

  

 

311,837

 

  

275,719

Storage services

 

  

156,638

  

 

169,815

 

  

186,068

Commissions on drafts, checks and checkbooks

 

  

49,645

  

 

60,768

 

  

67,832

Office network services

 

  

30,220

  

 

42,639

 

  

43,508

Other commissions

 

  

10,457

  

 

10,272

 

  

10,516

Total

 

Ps.

5,453,382

  

Ps.

5,202,125

 

Ps.

4,879,187

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

December 31,

Commissions and Fees Expenses

 

2018

 

2017

 

2016

Banking Services

 

Ps.

(307,191)

  

Ps.

(332,811)

 

Ps.

(318,672)

Sales and Services Commissions

 

  

(171,680)

  

 

(119,987)

 

  

(99,659)

Affiliations to Pension Funds

 

  

(75,130)

  

 

(74,531)

 

  

(68,454)

Offices Network Services

 

  

(23,040)

  

 

(29,874)

 

  

(33,404)

Information Processing Services of Operators

 

  

(22,525)

  

 

(23,039)

 

  

(20,963)

Collection Service of Contributions to Financial Entities

 

  

(7,110)

  

 

(5,618)

 

  

(6,084)

Banks Guarantees

 

  

(128)

  

 

(88)

 

  

(87)

Fiduciary Businesses

 

  

(46)

  

 

(41)

 

  

(256)

Credit Cards

 

  

(12)

  

 

(2)

 

  

(14)

Other

 

  

(6,901)

  

 

(37,123)

 

  

(71,935)

Total

 

Ps.

(613,763)

  

Ps.

(623,114)

 

Ps.

(619,528)

Net commission and fee income

 

Ps.

4,839,619

  

Ps.

4,579,011

 

Ps.

4,259,659

 

Below is the detail of the income and cost for goods and services for the years ended as of December 31, 2018, 2017 and 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

December 31,

Income from sales of goods and services (2)

 

2018

 

2017 (1)

 

2016

Income from goods and services from non-financial sector

 

Ps.

7,943,420

  

Ps.

5,656,472

 

Ps.

6,534,933

Others operating income

 

  

182,594

  

 

136,378

 

  

119,690

Total income

 

Ps.

8,126,014

  

Ps.

5,792,850

 

Ps.

6,654,623

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

December 31,

Cost for goods and services

 

2018

 

2017 (1)

 

2016

Cost of sales of companies from non-financial sector

 

Ps.

(3,812,993)

  

Ps.

(3,408,808)

 

Ps.

(4,283,588)

Allowance for impairment of loans and receivables

 

  

(21,829)

  

 

(22,239)

 

  

(2,007)

General and administrative expenses

 

  

(645,690)

  

 

(668,616)

 

  

(635,930)

Personnel expenses

 

  

(499,750)

  

 

(481,892)

 

  

(434,145)

Amortization

 

  

(317,035)

  

 

(300,325)

 

  

(223,929)

Depreciation

 

  

(100,388)

  

 

(79,981)

 

  

(83,991)

Bonus payments

 

  

(34,503)

  

 

(34,436)

 

  

(27,555)

Commissions and fees expenses

 

  

(32,876)

  

 

(24,361)

 

  

(19,384)

Donations expenses

 

  

(14,320)

  

 

(12,604)

 

  

(12,081)

Labor severances

 

  

(2,718)

  

 

(2,565)

 

  

(2,718)

Total costs for goods and services

 

Ps.

(5,482,102)

  

Ps.

(5,035,827)

 

Ps.

(5,725,328)

Net, income from non-financial sector

 

Ps.

2,643,912

  

Ps.

757,023

 

Ps.

929,295

(1)

See note 2.32. Changes in presentation

(2)

Grupo Aval has initially adopted IFRS 15 as of January 1, 2018. According to the transition methods chosen, comparative information is not restated. See Note 2 (2.5) (A).