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CONCESSION ARRANGEMENTS RIGHTS (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of detailed information about service concession arrangements [abstract]

Disclosure of balance of assets in concession agreements [table text block]

The following is the balance of the assets in concession agreements registered in the Group as of December 31, 2021 and 2020:


	December 31, 2021		December 31, 2020
Financial assets at fair value	Ps.	3,228,480	Ps.	2,958,385
Financial asset at amortized cost net ⁽¹⁾		9,853,052		6,769,123
Total financial assets in concession arrangements rights ⁽²⁾	Ps.	13,081,532	Ps.	9,727,508
Intangible asset		11,098,116		9,187,564
Total assets in concession arrangements rights	Ps	24,179,648	Ps.	18,915,072

(1)	At December 31, 2021 and 2020, the balance of the financial asset at amortized cost includes an impairment expense of Ps. 3,050 and Ps. 1,759 respectively, see note 16.1.

(2)	See note 12.1, “Contract assets”.

Disclosure of detailed information about service concession arrangements [text block]


	Gas and Energy		Infrastructure		Total
Balance as of January 1, 2019	Ps.	2,488,414	Ps.	2,630,269	Ps.	5,118,683
Additions or new concession arrangements		—		1,495,035		1,495,035
Collections during the year		—		(23,674)		(23,674)
Adjustment to fair value		217,616		—		217,616
Accrued interest		—		225,432		225,432
Impairment expense		—		(1,176)		(1,176)
Balance as of December 31, 2019	Ps.	2,706,030	Ps.	4,325,886	Ps.	7,031,916
Additions or new concession arrangements ⁽¹⁾		—		2,203,309		2,203,309
Collections during the year		—		(24,070)		(24,070)
Adjustment to fair value		252,355		—		252,355
Accrued interest		—		265,757		265,757
Impairment expense		—		(1,759)		(1,759)
Balance as of December 31, 2020	Ps.	2,958,385	Ps.	6,769,123	Ps.	9,727,508
Additions or new concession arrangements ⁽¹⁾		—		2,613,987		2,613,987
Collections during the year		—		(273,665)		(273,665)
Adjustment to fair value		270,095		—		270,095
Accrued interest		—		746,657		746,657
Impairment expense		—		(3,050)		(3,050)
Balance as of December 31, 2021	Ps.	3,228,480	Ps.	9,853,052	Ps.	13,081,532

(1)	Includes the progress of construction the Covipacifico and Covioriente concession.

Disclosure of detailed information about intangible assets [text block]

The following table shows the movements of the main concession arrangements in Grupo Aval’s subsidiaries under intangible assets during years ended at December 31, 2021, 2020 and 2019:


Cost	Gas and energy		Infrastructure		Total
Balance as of January 1, 2019	Ps.	3,033,014	Ps.	3,732,759	Ps.	6,765,773
Additions ⁽¹⁾		760,982		1,525,013		2,285,995
Reclassification to PPE		407		—		407
Withdrawals ⁽²⁾		(10,299)		(763,518)		(773,817)
Effect of movements in exchange rates		1,434		—		1,434
At December 31, 2019	Ps.	3,785,538	Ps.	4,494,254	Ps.	8,279,792
Additions ⁽¹⁾		863,910		1,001,985		1,865,895
Reclassification to PPE		582		—		582
Transfer to non-current assets held for sale		(769)		—		(769)
Withdrawals		(10,520)		(384)		(10,904)
Effect of movements in exchange rates		16,149		—		16,149
At December 31, 2020	Ps.	4,654,890	Ps.	5,495,855	Ps.	10,150,745
Additions ⁽¹⁾		982,508		922,203		1,904,711
Reclassification to PPE		20,301		—		20,301
Transfer to non-current assets held for sale		2,516		—		2,516
Withdrawals		(5,104)		—		(5,104)
Effect of movements in exchange rates		238,721		—		238,721
At December 31, 2021	Ps.	5,893,832	Ps.	6,418,058	Ps.	12,311,890

Accumulated Amortization	Gas and energy		Infrastructure		Total
Balance as of January 1, 2019	Ps.	(501,737)	Ps.	(749,555)	Ps.	(1,251,292)
Amortization of the year		(140,488)		(108,216)		(248,704)
Reclassification to PPE		7		—		7
Withdrawals ⁽²⁾⁽³⁾		2,964		741,226		744,190
Effect of movements in exchange rates		(473)		—		(473)
At December 31, 2019	Ps.	(639,727)	Ps.	(116,545)	Ps.	(756,272)
Amortization of the year		(183,701)		(20,730)		(204,431)


Cost	Gas and energy		Infrastructure		Total
Transfer to non-current assets held for sale		148		—		148
Withdrawals		4,131		349		4,480
Effect of movements in exchange rates		(1,868)		—		(1,868)
At December 31, 2020	Ps.	(821,017)	Ps.	(136,926)	Ps.	(957,943)
Amortization of the year		(222,894)		(9,921)		(232,815)
Reclassification to PPE		45		—		45
Transfer to non-current assets held for sale		—		—		—
Withdrawals		1,236		—		1,236
Effect of movements in exchange rates		(12,895)		—		(12,895)
At December 31, 2021	Ps.	(1,055,525)	Ps.	(146,847)	Ps.	(1,202,372)

Impairment loss	Gas and energy		Infrastructure		Total
Balance as of January 1, 2019	Ps.	—	Ps.	—	Ps.	—
Impairment charge		—		(2,032)		(2,032)
At December 31, 2019	Ps.	—	Ps.	(2,032)	Ps.	(2,032)
Impairment charge		(2,296)		(910)		(3,206)
At December 31, 2020	Ps.	(2,296)	Ps.	(2,942)	Ps.	(5,238)
Impairment charge		(4,850)		(1,314)		(6,164)
At December 31, 2021	Ps.	(7,146)	Ps.	(4,256)	Ps.	(11,402)


Total Intangible Assets	Gas and energy		Infrastructure		Total
Balance as of January 1, 2019	Ps.	2,531,277	Ps.	2,983,204	Ps.	5,514,481
Cost		752,524		761,495		1,514,019
Amortization ⁽²⁾		(137,990)		633,010		495,020
Impairment loss		—		(2,032)		(2,032)
Balance at December 31, 2019	Ps.	3,145,811	Ps.	4,375,677	Ps.	7,521,488
Cost		869,352		1,001,601		1,870,953
Amortization		(181,290)		(20,381)		(201,671)
Impairment loss		(2,296)		(910)		(3,206)
Balance at December 31, 2020 ⁽²⁾	Ps.	3,831,577	Ps.	5,355,987	Ps.	9,187,564
Cost		1,238,942		922,203		2,161,145
Amortization		(234,508)		(9,921)		(244,429)
Impairment loss		(4,850)		(1,314)		(6,164)
Balance at December 31, 2021 ⁽²⁾	Ps.	4,831,161	Ps.	6,266,955	Ps.	11,098,116

(1)	In gas and energy, includes borrowing costs capitalised by Ps. 13,856 for 2021, Ps. 24,383 for 2020 and Ps. 29,403 for 2019 with a capitalized interest rate (weighted average) of 5.39%, 4.56% and 6.77% E.A. respectively.

(2)	In infrastructure, Proyectos de Infraestructura PISA S.A. includes of Ps. 21,884 for 2019 that was offset with a liability outstanding with Agencia Nacional de Infraestructura – (ANI), due to the settlement of the inspection reports with the ANI

(3)	As of December 31, 2019, Concesionaria Vial de los Andes - Coviandes finished its operation and maintenance stage. The infrastructure was returned to the grantor.

(4)	Gas and Energy mainly includes as of December 31, 2021, the balance of the concessions under construction of Gases del Norte del Perú S.A.C. and Gases del Pacífico S.A.C. by Ps. 615,604 and Ps. 53,936, and as of December 31, 2020 Ps. 100,732 and Ps. 388,059 respectively

Disclosure of concession contracts granted to subsidiaries and other related parties [table text block]

The following is a summary of the main concession contracts granted to Grupo Aval’s subsidiaries as of December 31, 2021:

Year of

Concession

Contract

construction

% progress

Concession

Owner

Business and country

Objective

Current stage

date

start

of construction

end date

Gas and Energy

Surtigas S.A. E.S.P.

Gas and Energy Colombia

Purchase, storage, packaging and distribution of gases derived from hydrocarbons.

Operation

03/1984 to 04/1994

1984

100

2034 to 2045

Transmetano E.S.P. S.A.

Gas and Energy Colombia

Construction, operation and maintenance of gas transportation systems.

Operation

08/1994

1996

100

2044

Promigas S.A. E.S.P.

Gas and Energy Colombia

Purchase, sale, transportation, distribution, exploitation and exploration of natural gas, oil and hydrocarbons in general.

Operation

05/1976 to 11/1994

1976

100

2026 to 2044

Promioriente S.A. E.S.P.

Gas and Energy Colombia

Construction, operation and maintenance of gas pipelines.

Operation

09/1995

1995

100

2045

Gases de Occidente S.A. E.S.P.

Gas and Energy Colombia

Transportation and distribution of liquefied petroleum gas and natural gas.

Operation

08/1998

1998

100

2047

Compañía Energética de Occidente S.A. E.S.P. ⁽¹⁾

Gas and Energy Colombia

Administrative, operational, technical and commercial management for the provision of electrical energy.

Operation and maintenance

01/2010

2010

100

2035

Sociedad Portuaria El Cayao S.A. E.S.P.

Gas and Energy Colombia

Construction, maintenance and administration of ports.

Operation

07/2015

2015

100

2035

Gases del Pacífico S.A.C.

Gas and Energy Perú

Purchase, sale, production, commercialization of energy in any of its forms.

Construction and Operation

10/2013

2015

95.60

2034

Gases del Norte del Perú S.A.C.

Gas and Energy Perú

Construction and distribution service of natural gas.

Construction and Operation

11/2019

2020

48.30

2051

Infrastructure

Proyectos de Infraestructura S.A.

Infrastructure Colombia

Design, construction, equipment, conservation, operation and maintenance of road infrastructure.

Operation

12/1993

1994

100

2033

Concesiones CCFC S.A.S.

Infrastructure Colombia

Design, construction, equipment, conservation, operation and maintenance of road infrastructure.

Operation

06/1995

2001

100

2024

Concesionaria Panamericana S.A.S.

Infrastructure Colombia

Design, construction, equipment, conservation, operation and maintenance of road infrastructure.

Operation

12/1997

2009

100

2035

Concesionaria Vial del Pacífico S.A.S.

Infrastructure Colombia

Design, construction, equipment, conservation, operation and maintenance of road infrastructure.

Construction

09/2014

2018

83.33

2043

Concesionaria Nueva Vía del Mar S.A.S.

Infrastructure Colombia

Design, construction, equipment, conservation, operation and maintenance of road infrastructure.

Preconstruction

01/2015

2023

4.11

2044

Concesionaria Vial Andina S.A.S.

Infrastructure Colombia

Design, construction, equipment, conservation, operation and maintenance of road infrastructure.

Construction, operation and maintenance

06/2015

2016

95.55

2054

Concesionaria Vial Del Oriente S.A.S.

Infrastructure Colombia

Design, construction, equipment, conservation, operation and maintenance of road infrastructure.

Construction

07/2015

2018

69.45

2043

The concession has an investment commitment for the expansion, replacement and improvement of the infrastructure which as of December 2021 has an advance of 46.34%.