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PARENT COMPANY INFORMATION (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure of parent company information [abstract]  
Disclosure of detailed information about Condensed separate Statement of Financial Position

Condensed Separate Statement of Financial Position

December 31, 

    

2021

    

2020

Current Assets

 

  

  

  

Cash and cash equivalents

 

Ps.

174,784

  

Ps.

130,353

Held for trading securities

 

  

47

  

7

Accounts receivable from related parties

 

  

281,375

  

343,448

Other assets

 

  

172

  

2,316

Total current assets

 

Ps.

456,378

  

Ps.

476,124

Non current Assets

 

  

  

Investments in subsidiaries and associates

 

  

25,025,607

  

22,684,869

Property plant and equipment

 

  

5,565

  

6,817

Deferred tax

 

  

124

  

1,849

Total non current assets

 

Ps.

25,031,296

  

Ps.

22,693,535

Total assets

 

Ps.

25,487,674

  

Ps.

23,169,659

Current liabilities

 

  

  

Borrowings at amortized cost

 

  

6,318

  

2,644

Outstanding bonds at amortized cost

 

  

8,048

  

5,579

Accounts payable

 

  

433,756

  

464,417

Other non-financial liabilities

 

  

1,214

  

1,214

Total current liabilities

 

Ps.

449,336

  

Ps.

473,854

Long-term liabilities

 

  

  

Borrowings at amortized cost

 

  

525,659

  

526,735

Outstanding bonds

 

  

1,124,520

  

1,124,520

Total non current liabilities

 

Ps.

1,650,179

  

Ps.

1,651,255

Total liabilities

 

Ps.

2,099,515

  

Ps.

2,125,109

December 31, 

    

2021

    

2020

Equity

 

  

  

Shareholders’ equity

 

  

23,388,159

  

21,044,550

Total liabilities and shareholders’ equity

 

Ps.

25,487,674

  

Ps.

23,169,659

Disclosure of detailed information about Condensed separate Statement of Income

    

December 31, 

    

December 31, 

    

December 31, 

Condensed Separate Statement of Income

2021

2020

2019

Operating revenue

 

  

  

  

 

  

Equity method income, net

 

  

3,245,692

  

2,295,451

 

  

3,014,756

Other revenue from ordinary activities

 

  

286,823

  

286,755

 

  

286,778

Total operating revenue

 

Ps.

3,532,515

  

Ps.

2,582,206

 

Ps.

3,301,534

Expenses, net

 

  

 

Administrative expenses

 

(82,686)

  

(79,993)

 

(83,902)

Other expenses

 

(434)

  

(163)

 

(236)

(Losses) gains from exchange differences

 

(41)

  

(52)

 

(812)

Operating income

 

Ps.

3,449,354

  

Ps.

2,501,998

 

Ps.

3,216,584

Financial expenses

 

(98,690)

  

(106,979)

 

(121,794)

Net income before taxes

 

3,350,664

  

2,395,019

 

3,094,790

Income tax expense

 

(52,565)

  

(46,088)

 

(61,411)

Net income

 

Ps.

3,298,099

  

Ps.

2,348,931

 

Ps.

3,033,379

Disclosure of detailed information about Condensed separate Cash flow

    

December 31, 

    

December 31, 

    

December 31, 

Condensed separate Cash Flow

2021

2020

2019

Net income

 

Ps.

3,298,099

  

Ps.

2,348,931

  

Ps.

3,033,379

Adjustments to reconcile net income to net cash used by operating activities

 

  

(2,021,406)

  

  

(938,332)

  

(1,753,640)

Net cash provided by operating activities

 

Ps.

1,276,693

  

Ps.

1,410,599

  

Ps.

1,279,739

Net cash used in investing activities

 

  

(132)

  

  

(186)

  

  

(145)

Net cash used in financing activities

 

  

(1,232,130)

  

  

(1,331,359)

  

  

(1,267,976)

Increase in cash and cash equivalents

 

Ps.

44,431

  

Ps.

79,054

  

Ps.

11,618

Effect of foreign currency changes on cash and cash equivalents

-

1,014

Cash and cash equivalents at beginning of year

 

  

130,353

  

  

51,299

  

38,667

Cash and cash equivalents at end of year

 

Ps.

174,784

  

Ps.

130,353

  

Ps.

51,299

Disclosure of subsidiaries

Investment in subsidiaries and associates as of December 31, 2021 and 2020 comprise the following:

December 31, 2021

December 31, 2020

    

Ownership

    

    

Ownership

    

 

interest held 

interest held 

 

by Grupo 

Book

by Grupo 

Book 

Subsidiary

Aval

Value

Aval

Value

Banco de Bogotá S.A.

 

68.74

%  

Ps.

15,616,990

  

68.74

%  

Ps.

13,601,445

Banco de Occidente S.A.

 

72.27

%

  

3,632,129

  

72.27

%

  

3,494,268

Banco Comercial AV Villas S.A.

 

79.87

%  

  

1,479,917

  

79.87

%  

  

1,473,996

Banco Popular S.A.

 

93.74

%  

  

3,318,617

  

93.74

%  

  

3,186,389

Corporación Financiera Colombiana S.A.

 

39.98

%  

  

1,061,518

  

39.58

%  

  

973,650

Sociedad Administradora de Fondos de Pensiones y Cesantías Porvenir S.A.

 

75.67

%

  

570,941

  

75.67

%

  

564,256

Grupo Aval Limited

 

100.00

%  

  

(658,519)

  

100.00

%  

  

(611,064)

Sociedad Beneficiaria Aval S.A.S.

100.00

%  

  

%

Sociedad Beneficiaria Bogotá S.A.S.

100.00

%  

  

%

Total subsidiaries

 

Ps.

25,021,593

 

Ps.

22,682,940

Associates

ADL Digital Lab S.A.S

34.00

%

4,014

34.00

%

1,929

Total associates

4,014

1,929

Total investment in subsidiaries and associates

Ps.

25,025,607

Ps.

22,684,869

Disclosure of detailed information about Outstanding bonds

Outstanding bonds at December 31, 2021 and 2020 comprise the following:

Amounts outstanding

Issuance date

    

Tranches

    

Maturity

    

Coupon rate

    

2021

    

2020

November, 2019

 

Ps.

100,000

  

November, 2024

  

6.42

%  

Ps.

100,825

 

Ps.

100,825

November, 2019

 

  

300,000

  

November, 2039

  

IPC + 3.69

%  

303,229

 

  

302,126

June, 2017

300,000

June, 2042

IPC + 3.99

%  

300,301

300,178

November, 2016

 

  

93,000

  

November, 2026

  

IPC + 3.86

%  

93,810

 

  

93,538

November, 2016

 

  

207,000

  

November, 2036

  

IPC + 4.15

%

208,861

 

  

208,259

December, 2009

 

  

124,520

  

December, 2024

  

IPC + 5.20

%

125,542

 

  

125,173

Total Bonds

 

Ps.

1,124,520

  

  

  

Ps.

1,132,568

 

Ps.

1,130,099

Disclosure of detailed information about scheduled maturities of bonds

The scheduled maturities of bonds as of December 31, 2021 are as follows:

Period

    

Amount

2022

 

  

8,048

2023

 

  

2024 and thereafter

 

  

1,124,520

Total

 

Ps.

1,132,568