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EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of controlling interest equity [Abstract]  
Disclosure of classes of share capital [text block]

Authorized, issued and outstanding shares as of December 31, 2018 and 2017 consisted of the following:

 

 

 

 

 

 

 

    

December 31, 2018

    

December 31, 2017

Authorized shares

 

120,000,000,000

 

120,000,000,000

Subscribed fully paid shares

 

22,281,017,159

 

22,281,017,159

Total outstanding shares

 

22,281,017,159

 

22,281,017,159

 

 

 

 

 

The outstanding shares are as follows:

 

  

 

  

Common voting shares (1)

 

15,164,816,696

 

15,173,180,765

Preferred non-voting shares (2)

 

7,116,200,463

 

7,107,836,394

(1)

Common Voting shares with a nominal value of Ps. 1.

(2)

Since 2011, Grupo Aval allows its shareholders to convert their common shares into preferred shares. For the years ended December 31, 2018 and 2017, de 8,364,069 and 81,696,058 common shares were converted into preferred shares, respectively. Preferred shares have the right to receive a preferential minimum dividend of one Colombian peso (Ps. 1) per semester per share. This preferential minimum dividend is only applicable when dividends declared for common shares are less than one Colombian peso (Ps. 1). Preferential minimum dividends are not cumulative.

 

 

Disclosure of reserves within equity [text block]

As of December 31, 2018, and 2017 the appropriation of retained earnings is as follows:

 

 

 

 

 

 

 

 

 

    

December 31, 2018

    

December 31, 2017

Retained earnings

 

Ps.

2,321,729

  

Ps.

1,829,515

Legal reserve

 

  

11,140

  

 

11,140

Statutory and voluntary reserves

 

  

6,265,450

  

 

5,333,763

 

 

Ps.

8,598,319

 

Ps.

7,174,418

 

Disclosure of dividends [text block]

 

 

 

 

 

 

 

 

 

 

 

 

    

December 31, 2017

    

December 31, 2016

    

June 30, 2016

Net income for the periods ended in

 

 

2,001,178

 

 

1,053,594

 

 

1,258,835

Cash dividends declared

 

Ps

In the general assembly held in March 2018, 48.00 pesos per share payable in twelve installments of 4.00 pesos per share, from April 2018 to March 2019.

  

Ps

In the general assembly held in March 2017, 58.80 pesos per share payable in twelve installments of 4.90 pesos per share, from April 2017 to March 2018.

 

Ps

29.40 per share payable in six (6) installments of P.s. 4.90 per share between October 2016 and March 2017 (based on profits from the first half of 2016)

Common shares outstanding

 

  

15,170,666,914

  

 

15,240,124,702

 

  
15,258,916,143

Preferred shares outstanding

 

  

7,110,350,245

  

 

7,040,892,457

 

  
7,022,101,016

Total outstanding shares

 

  

22,281,017,159

  

 

22,281,017,159

 

  
22,281,017,159

Total dividends declared

 

  

1,069,489

  

 

1,310,124

 

  

655,062

 

Disclosure of earnings per share [text block]

The following table summarizes the net income per share for the year ended as of December 31, 2018, 2017 and 2016:

 

 

 

 

 

 

 

 

 

 

 

 

    

December 31, 

    

December 31, 

    

December 31, 

 

 

2018

 

2017

 

2016

Net income for the year

 

Ps.

5,184,551

 

Ps.

3,162,433

 

Ps.

3,516,936

Less: participation of non- controlling interests

 

 

(2,271,857)

 

 

(1,200,019)

 

 

(1,377,070)

Net income attributable to owners of the parent

 

 

2,912,694

 

 

1,962,414

 

 

2,139,866

 

 

 

 

 

 

 

 

 

 

Less: preferred dividends declared

 

 

 —

 

 

 —

 

 

 —

Less: Allocation of undistributed earnings to preferred stockholders (1)(2)

 

 

(929,656)

 

 

(622,215)

 

 

(674,042)

Net Income allocated to common shareholders for basic and diluted EPS

 

Ps.

1,983,038

 

Ps.

1,340,199

 

Ps.

1,465,824

Weighted average number of common shares outstanding used in basic EPS calculation (2)

 

 

15,169,502,784

 

 

15,216,468,601

 

 

15,262,660,115

Basic and Diluted earnings per share to common shareholders (pesos)

 

 

130.725

 

 

88.076

 

 

96.040

Basic and Diluted earnings per ADS in pesos (3)

 

 

2,614.51

 

 

1,761.51

 

 

1,920.80

 

 

 

 

 

 

 

 

 

 

Weighted average of the common and preferred shares used in the calculation of net income for basic shares (common and preferential)

 

 

22,281,017,159

 

 

22,281,017,159

 

 

22,281,017,159

Basic net income of the owners of the parent per share

 

 

130.725

 

 

88.076

 

 

96.040

(1)

Based on a weighted average of preferred shares.

(2)

Averages based on an end of month number of preferred or common shares.

(3)

Each ADS represents 20 preferred shares.
Disclosure of detailed information about components of accumulated other comprehensive income [Table Text Block]

Components of Accumulated Other Comprehensive Income for the years ended December 31, 2018, 2017 and 2016 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency

 

 

 

 

 

 

 

 

 

 

Foreign currency

 

Unrealized

 

Unrealized

 

 

 

 

 

 

 

 

 

 

 

 

 

  

translation

 

 

 

 

 

 

 

 

 

 

translation

 

gains

 

gains

 

 

 

 

 

 

 

 

 

 

Total

 

 

differences from

 

Hedging

 

Hedging non-

 

 

 

 

differences from

 

(losses)

 

(losses)

 

Investments in

 

Actuarial

 

 

 

 

comprehensive

 

 

hedged foreign

 

derivative

 

derivative

 

Cash flow

 

unhedged foreign

 

Debt 

 

Equity

 

associates and

 

gains

 

Income

 

income, net of

 

 

operations

 

instruments

 

instruments

 

hedges

 

operations

 

securities

 

securities

 

join ventures

 

(losses)

 

tax

 

taxes

Beginning balance 2015

 

Ps.

3,733,469

  

Ps.

(2,554,257)

 

Ps.

(1,239,064)

  

Ps.

(10,181)

 

Ps.

50,250

  

Ps.

(1,220,428)

  

Ps.

455,375

 

Ps.

111,570

  

Ps.

9,003

 

Ps.

1,641,196

 

Ps.

976,933

Current-period change

 

  

(475,000)

  

 

291,506

 

  

35,819

  

 

17,967

 

  

(125,161)

  

 

948,212

  

 

34,509

 

  

(20,061)

  

 

(41,228)

 

  

(364,356)

 

  

302,207

Ending balance 2016

 

Ps.

3,258,469

  

Ps.

(2,262,751)

 

Ps.

(1,203,245)

  

Ps.

7,786

 

Ps.

(74,911)

  

Ps.

(272,216)

  

Ps.

489,884

 

Ps.

91,509

  

Ps.

(32,225)

 

Ps.

1,276,840

 

Ps.

1,279,140

Current-period change

 

  

(47,197)

  

 

16,832

 

  

30,568

  

 

(2,340)

 

  

(91,497)

  

 

284,480

  

 

57,245

 

  

1,128

  

 

(100,232)

 

  

(73,617)

 

  

75,370

Ending balance 2017

 

Ps.

3,211,272

  

Ps.

(2,245,919)

 

Ps.

(1,172,677)

  

Ps.

5,446

 

Ps.

(166,408)

  

Ps.

12,264

  

Ps.

547,129

 

Ps.

92,637

  

Ps.

(132,457)

 

Ps.

1,203,223

 

Ps.

1,354,510

Change in politics

 

  

 —

  

 

 —

 

  

 —

  

 

 —

 

  

 —

  

 

56,198

  

 

71,229

 

  

(3,691)

  

 

 —

 

  

(19,723)

 

  

104,013

Current-period change

 

  

1,124,732

  

 

(547,310)

 

  

(576,881)

  

 

(19,789)

 

  

(299,804)

  

 

(107,084)

  

 

(134,084)

 

  

22,400

  

 

18,013

 

  

310,056

 

  

(209,751)

Ending balance 2018

 

Ps.

4,336,004

  

Ps.

(2,793,229)

 

Ps.

(1,749,558)

  

Ps.

(14,343)

 

Ps.

(466,212)

  

Ps.

(38,622)

  

Ps.

484,274

 

Ps.

111,346

  

Ps.

(114,444)

 

Ps.

1,493,556

 

Ps.

1,248,772

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

 

Total comprehensive income,

 

 

 

Non -controlling interest

 

 

Owners of the parent

 

 

net of taxes

Beginning balance 2015

 

Ps.

438,804

  

Ps.

538,129

 

Ps.

976,933

Current-period change

 

  

90,719

  

 

211,488

 

  

302,207

Ending balance 2016

 

Ps.

529,523

  

Ps.

749,617

 

Ps.

1,279,140

Current-period change

 

  

38,121

  

 

37,249

 

  

75,370

Ending balance 2017

 

Ps.

567,644

  

Ps.

786,866

 

Ps.

1,354,510

Change in politics

 

  

58,180

  

 

45,833

 

  

104,013

Current-period change

 

  

(73,825)

  

 

(135,926)

 

  

(209,751)

Ending balance 2018

 

Ps.

551,999

  

Ps.

696,773

 

Ps.

1,248,772