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EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of classes of share capital [abstract]

Disclosure of classes of share capital [text block]

Authorized, issued and outstanding shares as of December 31, 2021 and 2020 consisted of the following:


		December 31, 2021		December 31, 2020
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⁾		15,122,739,992		15,131,197,752
Preferred non-voting shares ⁽²⁾		7,158,277,167		7,149,819,407

(1)	Common Voting shares with a nominal value of (Ps. 1) Colombian peso.

(2)

Since 2011, Grupo Aval allows its shareholders to convert their common shares into preferred shares. For the years ended December 31, 2021 and 2020, 8,457,760 and 6,592,222 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, 2021, and 2020 the appropriation of retained earnings is as follows:


		December 31, 2021			December 31, 2020
Retained earnings		Ps.	2,671,450		Ps.	1,785,978
Withholding tax over dividends			(5,740)			(5,699)
Legal reserve			11,140			11,140
Statutory and voluntary reserves			10,706,541			9,510,715
		Ps.	13,383,391		Ps.	11,302,134

Disclosure of dividends [text block]

The dividends are declared and paid to shareholders based on unconsolidated net income under Colombian IFRS (NCIF), the dividends declared were as follows:


		December 31, 2020			December 31, 2019			December 31, 2018
Net income for the periods ended on		Ps.	2,399,001		Ps.	3,031,238		Ps.	2,887,749
Cash dividends declared			In the general assembly held in March 2021, 54.00 pesos per share payable in twelve installments of 4.50 pesos per share, from April 2021 to March 2022.			In the general assembly held in March 2020, 60.00 pesos per share payable in twelve installments of 5.00 pesos per share, from April 2020 to March 2021.			In the general assembly held in March 2019, 60.00 pesos per share payable in twelve installments of 5.00 pesos per share, from April 2019 to March 2020.
Total outstanding shares			22,281,017,159			22,281,017,159			22,281,017,159
Total dividends declared		Ps.	1,203,175		Ps.	1,336,861		Ps.	1,336,861

Disclosure of earnings per share [text block]

The following table summarizes the earnings per share for the year ended as of December 31, 2021, 2020 and 2019:



			December 31, 2021		December 31, 2020		December 31, 2019
Net income for the year		Ps.	5,668,502	Ps.	4,631,616	Ps.	5,365,454
Less: participation of non- controlling interests			(2,370,766)		(2,282,095)		(2,331,045)
Net income attributable to owners of the parent			3,297,736		2,349,521		3,034,409

Less: preferred dividends declared			—		—		—
Less: Allocation of undistributed earnings to preferred stockholders ⁽¹⁾⁽²⁾			(1,058,554)		(753,457)		(970,070)
Net Income allocated to common shareholders for basic and diluted EPS		Ps.	2,239,182	Ps.	1,596,064	Ps.	2,064,339
Weighted average number of common shares outstanding used in basic EPS calculation ⁽²⁾			15,128,947,661		15,135,829,538		15,158,004,812
Basic and Diluted earnings per share to common shareholders (pesos)			148.01		105.45		136.19
Basic and Diluted earnings per ADS in Colombian pesos ⁽³⁾			2,960.13		2,108.99		2,723.76
Weighted average of the common and preferred shares used in the calculation of earnings per basic share (common and preferred)			22,281,017,159		22,281,017,159		22,281,017,159
Basic earnings of the owners of the parent per share in Colombian pesos			148.01		105.45		136.19

(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, 2021, 2020 and 2019 are as follows:

Net gain (loss) on hedges of net investment in foreing operations

Cash flow hedges

Foreing currency translation differences from unhedged foreign operations

Effect of moving investment properties for own use

Unrealized gains (losses) debt securities

Unrealized gains (losses) Equity securities

Investments in associates and join ventures

Actuarial gains(losses)

Income tax

Total comprehensive income, net of taxes

Ending balance 2018

Ps.

(206,783)

Ps.

(14,343)

Ps.

(466,212)

Ps.

—

Ps.

(38,622)

Ps.

484,274

Ps.

111,346

Ps.

(114,444)

Ps.

1,493,556

Ps.

1,248,772

Current-period change

(2,931)

13,469

128,135

5,288

426,300

237,781

(9,061)

(61,222)

(36,029)

701,730

Ending balance 2019

Ps.

(209,714)

Ps.

(874)

Ps.

(338,077)

Ps.

5,288

Ps.

387,678

Ps.

722,055

Ps.

102,285

Ps.

(175,666)

Ps.

1,457,527

Ps.

1,950,502

Current-period change

(517,989)

832

(548,706)

9,014

172,906

193,880

13,059

(9,488)

457,181

(229,311)

Ending balance 2020

Ps.

(727,703)

Ps.

(42)

Ps.

(886,783)

Ps.

14,302

Ps.

560,584

Ps.

915,935

Ps.

115,344

Ps.

(185,154)

Ps.

1,914,708

Ps.

1,721,191

Current-period change

962,735

7,980

(180,798)

4,718

(1,346,315)

(110,397)

(846)

61,665

1,054,017

452,759

Ending balance 2021

Ps.

235,032

Ps.

7,938

Ps.

(1,067,581)

Ps.

19,020

Ps.

(785,731)

Ps.

805,538

Ps.

114,498

Ps.

(123,489)

Ps.

2,968,725

Ps.

2,173,950


		Non -controlling interest			Owners of the parent			Total comprehensive income, net of taxes
Beginning balance 2018		Ps.	551,999		Ps.	696,773		Ps.	1,248,772
Current-period change			305,056			396,674			701,730
Ending balance 2019		Ps.	857,055		Ps.	1,093,447		Ps.	1,950,502
Current-period change			2,123			(231,434)			(229,311)
Ending balance 2020		Ps.	859,178		Ps.	862,013		Ps.	1,721,191
Current-period change			197,590			255,169			452,759
Ending balance 2021		Ps.	1,056,768		Ps.	1,117,182		Ps.	2,173,950