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OTHER INCOME AND EXPENSE (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of Other income and expense [Abstract]  
Disclosure of general and administrative expense [text block]

Below is a detail of the other income and expense in the years ended December 31, 2018, 2017 and 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

December 31,

Other Income

 

2018

 

2017

 

2016

Foreign exchange gains (losses), net

 

Ps.

283,440

 

Ps.

424,483

  

Ps.

517,902

Share of profit of equity accounted investees, net of tax

 

 

197,715

 

  

171,964

  

 

140,765

Dividends

 

 

71,487

 

  

50,439

  

 

28,027

Gain on the sale of non-current assets held for sale

 

 

20,062

 

  

13,568

  

 

28,392

Net gain on sale of debt and equity securities

 

 

1,104

 

  

51,712

  

 

210,373

Gain on sale of assets (1)

 

 

390,472

 

  

10,581

  

 

21,148

Other income

 

 

394,401

 

  

428,998

  

 

729,499

Total other income

 

Ps.

1,358,681

 

Ps.

1,151,745

  

Ps.

1,676,106

(1)

For the year 2018, it includes the recognition of the sale profit with subsequent leasing of assets by Banco de Bogotá in Ps. 312,316 and Ps. 60,474 by Banco Popular.

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

December 31,

Other Expense

 

2018

 

2017

 

2016

Personnel expenses

 

Ps.

(3,877,584)

  

Ps.

(3,671,117)

 

Ps.

(3,531,087)

Taxes and fees

 

  

(757,936)

  

 

(731,316)

 

  

(633,260)

Depreciation and amortization

 

  

(539,751)

  

 

(521,408)

 

  

(471,608)

Consultancy, audit and other fees

 

  

(569,276)

  

 

(460,978)

 

  

(355,590)

Affiliation contributions and transfers

 

  

(511,811)

  

 

(429,825)

 

  

(428,581)

Wealth tax (1)

 

  

 —

  

 

(101,988)

 

  

(267,627)

Leases (Rent)

 

  

(476,590)

  

 

(431,507)

 

  

(440,777)

Maintenance and repairs

 

  

(378,433)

  

 

(392,271)

 

  

(317,170)

Insurance

 

  

(375,611)

  

 

(351,745)

 

  

(316,852)

Marketing

 

  

(327,539)

  

 

(314,657)

 

  

(344,423)

Warehouse services

 

  

(270,223)

  

 

(277,849)

 

  

(288,491)

Transportation services

 

  

(181,687)

  

 

(166,429)

 

  

(160,002)

Impairment losses other assets

 

  

(166,300)

  

 

(174,255)

 

  

(47,537)

Outsourcing services

 

  

(128,495)

  

 

(128,656)

 

  

(184,330)

Cleaning and security services

 

  

(126,822)

  

 

(131,451)

 

  

(138,693)

Supplies and stationary

 

  

(85,128)

  

 

(82,113)

 

  

(23,722)

Data processing

 

  

(81,426)

  

 

(73,872)

 

  

(81,682)

Adaptation and installation

 

  

(55,815)

  

 

(62,809)

 

  

(67,938)

Travel expenses

 

  

(52,584)

  

 

(48,193)

 

  

(54,275)

Other

 

  

(408,022)

  

 

(450,652)

 

  

(413,664)

Total other expense

 

Ps.

(9,371,033)

  

Ps.

(9,003,091)

 

Ps.

(8,567,309)

(1)      Grupo Aval and its subsidiaries in Colombia were subject to wealth tax for the years 2015, 2016 and 2017 by Law 1739 of 2014, based on their fiscal net asset value as of January 1, 2015, 2016 and 2017, greater or equal to Ps. 1,000, less the exclusions expressly provided for in the tax regulation, including the net asset value of the shares held in national companies. The wealth tax was calculated at progressive rates depending on the amount of liquid equity, and rates range between 0.20% and 1.15% in 2015, 0.15% and 1% in 2016, and 0.05% and 0.40% in 2017.