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INVESTMENTS IN ASSOCIATES AND JOINT VENTURES (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure of investments in associates and joint ventures [Abstract]  
Disclosure of detailed information about investment in associates and joint ventures [text block]

The detail of the investments in associates and joint ventures is as follows:

    

December 31, 2021

    

December 31, 2020

Associates

 

Ps.

1,170,435

 

Ps.

1,029,243

Joint ventures

2,394

79

Total

 

Ps.

1,172,829

 

Ps.

1,029,322

Disclosure of interests in associates [text block]

December 31, 2021

December 31, 2020

    

Ownership

    

Book

    

Ownership

    

Book

interest

value

interest

value

Associates

Gas Natural de Lima y Callao S.A. - Cálidda

 

40

%  

Ps.

568,035

 

40

%  

Ps.

455,704

Gases del Caribe S.A. E.S.P.

 

31

%  

305,456

 

31

%  

293,631

Credibanco S.A.

 

25

%  

200,824

 

25

%  

200,636

A.C.H Colombia S.A.

 

34

%  

36,427

 

34

%  

22,811

Redeban Multicolor S.A.

 

20

%  

22,801

 

20

%  

23,635

Colombiana de Extrusión S.A. - Extrucol

 

30

%  

12,966

 

30

%  

11,718

Aerocali S.A.

 

50

%  

8,852

 

50

%  

1,844

Energía Eficiente S.A.

 

33

%  

4,307

 

39

%  

10,133

ADL Digital Lab S.A.S.

34

%  

4,014

34

%  

1,929

Servicios de Identidad Digital S.A.S.

33

%  

3,989

33

%  

4,905

Metrex S.A.

 

18

%  

2,166

 

18

%  

1,775

Concentra Inteligencia en Energía S.A.S.

 

24

%  

598

 

24

%  

522

 

Ps.

1,170,435

 

Ps.

1,029,243

Disclosure of interests in joint arrangements [text block]

December 31, 2021

December 31, 2020

    

Ownership

    

Book

    

Ownership

    

Book

interest

value

interest

value

Joint ventures

Renting Automayor S.A.S. (1)

 

50

%  

2,394

 

50

%  

Cfc Sk Capital S.A.S.

 

50

%  

 

50

%  

79

 

Ps.

2,394

 

Ps.

79

(1)Joint businesses executed by Grupo Aval’s subsidiaries with specific purposes wherein the joint business assumes no responsibilities for business results, not requiring significant equity resources from Grupo Aval.

Disclosure of interests in associates corporate purpose [table text block]

    

Associate

    

Corporate purpose

1

 

Gas Natural de Lima y Callao S.A. - Cálidda

 

Gas distribution

2

 

Gases del Caribe S.A. E.S.P.

 

Gas distribution

3

 

Credibanco S.A.

 

Payment processing

4

 

A.C.H Colombia S.A.

 

Automated clearing house

5

 

Redeban Multicolor S.A.

 

Payment processing

6

 

Colombiana de Extrusión S.A. - Extrucol

 

Networks and infrastructure

7

 

Aerocali S.A.

 

Projects in airport infrastructure

8

 

Energía Eficiente S.A.

 

Gas distribution

9

ADL Digital Lab S.A.S.

Technology or digital services

10

Servicios de Identidad Digital S.A.S.

Digital services

11

 

Metrex S.A.

 

Manufacturing and commercialization of industrial equipment

12

 

Concentra Inteligencia en Energía S.A.S.

 

Gas distribution

Disclosure of detailed information about movement of investments in associates and joint ventures accounts [text block]

A roll-forward of investments in associates and joint ventures accounts is shown below for the years ended December 31, 2021, 2020 and 2019:

Associates

    

December 31, 

    

December 31, 

    

December 31, 

2021

2020

2019

Balance at the beginning of the year

 

Ps.

1,029,243

 

Ps.

985,497

 

Ps.

975,032

Acquisitions

4,539

2,789

Participation in the profit or loss of the period

298,705

222,825

231,693

Participation in Other Comprehensive Income

(846)

13,059

(9,061)

Dividends received

(225,844)

(221,076)

(192,602)

Capitalization reductions

5,333

Sale of investments

(5,125)

Entity Liquidation

(4,956)

Allowance for Impairment

(225)

Reclassifications

(57)

Exchange difference

63,654

23,662

(12,048)

Realization of Other Comprehensive Income

1,059

Dilution effect

(75)

Year-end balance

 

Ps.

1,170,435

 

Ps.

1,029,243

 

Ps.

985,497

Joint ventures

    

December 31, 

December 31, 

December 31, 

2021

2020

2019

Balance at the beginning of the year

 

Ps.

79

Ps.

2,465

Ps.

7,711

Participation in the period profit or loss

1,512

(2,663)

(2,067)

Dividends received

(70)

(51)

(3,310)

Exchange difference

873

328

131

Year-end balance

 

Ps.

2,394

Ps.

79

Ps.

2,465

Disclosure of associates [text block]

At the time calculating the equity method, the year-end financial information of associates was not available. Therefore, the information of the immediately preceding month for the years 2021 and 2020 was used.

December 31, 2021

Assets

Liabilities

    

Equity

    

Income

    

Expenses

    

Net income LTM

Gas Natural de Lima y Callao S.A. - Cálidda

Ps.

4,958,317

Ps.

3,554,154

    

Ps.

1,404,163

    

Ps.

2,754,051

    

Ps.

2,403,065

    

Ps.

350,986

Gases del Caribe S.A. E.S.P.

3,361,896

2,359,061

1,002,835

2,477,609

2,110,599

367,010

Credibanco S.A.

357,829

153,552

204,277

251,731

243,861

7,870

A.C.H Colombia S.A.

172,286

77,996

94,290

190,069

117,628

72,441

Redeban Multicolor S.A.

1,656,658

1,521,056

135,602

306,253

287,864

18,389

Colombiana de Extrusión S.A. - Extrucol

106,137

62,918

43,219

117,736

109,304

8,432

Aerocali S.A.

56,639

38,936

17,703

158,042

124,348

33,694

Energía Eficiente S.A.

94,128

67,732

26,396

258,315

262,310

(3,995)

ADL Digital Lab S.A.S.

35,441

23,634

11,807

36,328

30,196

6,132

Servicios de Identidad Digital S.A.S.

15,126

3,159

11,967

118

17,007

(16,889)

Metrex S.A.

35,347

23,312

12,035

45,352

43,179

2,173

Concentra Inteligencia en Energía S.A.S.

2,772

257

2,515

1,547

1,231

316

Ps.

10,852,576

Ps.

7,885,767

Ps.

2,966,809

Ps.

6,597,151

Ps.

5,750,592

Ps.

846,559

December 31, 2020

    

Assets

    

Liabilities

    

Equity

    

Income

    

Expenses

    

Net income LTM

Gas Natural de Lima y Callao S.A. - Cálidda

Ps.

3,995,219

Ps.

2,819,672

Ps.

1,175,547

Ps.

2,075,243

Ps.

1,819,121

Ps.

256,122

Gases del Caribe S.A. E.S.P.

3,139,758

2,172,442

967,316

2,258,914

1,899,868

359,046

Credibanco S.A.

344,039

143,612

200,427

252,500

234,732

17,768

A.C.H Colombia S.A.

127,457

59,985

67,472

143,394

97,311

46,083

Redeban Multicolor S.A.

733,691

616,704

116,987

241,961

237,953

4,008

Colombiana de Extrusión S.A. - Extrucol

69,520

30,460

39,060

68,994

64,284

4,710

Aerocali S.A.

43,968

40,280

3,688

60,105

81,712

(21,607)

Energía Eficiente S.A.

81,828

55,662

26,166

223,840

223,803

37

ADL Digital Lab S.A.S.

25,347

19,673

5,674

20,416

15,932

4,484

Servicios de Identidad Digital S.A.S.

16,745

2,030

14,715

198

8,538

(8,340)

Metrex S.A.

31,416

21,551

9,865

27,224

26,946

278

Concentra Inteligencia en Energía S.A.S.

2,751

560

2,191

1,689

2,374

(685)

 

Ps.

8,611,739

 

Ps.

5,982,631

 

Ps.

2,629,108

 

Ps.

5,374,478

 

Ps.

4,712,574

 

Ps.

661,904

Disclosure of joint ventures [text block]

December 31, 2021

    

Assets

    

Liabilities

    

Equity

    

Income

    

Expenses

    

Net income LTM

Renting Automayor S.A.

Ps.

97,538

Ps.

92,390

Ps.

5,148

Ps.

20,513

Ps.

17,376

Ps.

3,137

Cfc Sk Capital S.A.S.

 

140

 

 

140

 

1

 

18

 

(17)

 

Ps.

97,678

 

Ps.

92,390

 

Ps.

5,288

 

Ps.

20,514

 

Ps.

17,394

 

Ps

3,120

December 31, 2020

    

Assets

    

Liabilities

    

Equity

    

Income

    

Expenses

    

Net income LTM

Cfc Sk Capital S.A.S.

 

Ps.

160

 

Ps.

2

 

Ps.

158

 

Ps.

289

 

Ps.

527

 

Ps.

(238)

Cfc Sk El Dorado Latam Management Company Ltd.

4,384

(4,384)

Cfc Sk El Dorado Latam Capital Partners, Ltd.

700

(700)

 

Ps.

160

 

Ps.

2

 

Ps.

158

 

Ps.

289

 

Ps.

5,611

 

Ps

(5,322)