GRUPO AVAL ACCIONES Y VALORES S.A.
Separate statement of financial position (Stated in millions of Colombian pesos)
December 31st | December 31st | ||||
Note | 2023 | 2022 | |||
Assets | |||||
Current assets | |||||
Cash and cash equivalents | 6 | Ps. | 157,323 | Ps. | 67,439 |
Amortized cost investments | 7 | 18,707 | - | ||
Trading securities | 8 | 256 | 764 | ||
Accounts receivable from related parties | 9 | 444,964 | 96,081 | ||
Taxes paid in advance | 9 | 5,958 | 7,577 | ||
Other accounts receivable | 9 | 31 | 161 | ||
Other non-financial assets | 10 | 103 | 52 | ||
Total current assets | 627,342 | 172,074 | |||
Non-current Assets | |||||
Investments in subsidiaries and associates | 11 | Ps. | 18,645,247 | Ps. | 18,361,916 |
Accounts receivable from related parties | 9 | 1,031,954 | 1,498,754 | ||
Property and equipment, net | 12 | 2,404 | 4,083 | ||
Deferred tax assets | 13 | 278 | 127 | ||
Total non-current Assets | 19,679,883 | 19,864,880 | |||
Total assets | Ps. | 20,307,225 | Ps. | 20,036,954 | |
Liabilities and shareholders' equity | |||||
Current liabilities | |||||
Borrowings at amortized cost | 14 | Ps. | 20,923 | Ps. | 20,255 |
Outstanding bonds at amortized cost | 14 | 237,172 | 14,093 | ||
Accounts payable | 16 | 363,998 | 106,101 | ||
Employee benefits | 15 | 2,880 | 2,486 | ||
Tax liabilities | 16 | 13,335 | 11,920 | ||
Other non-financial liabilities | 16 | 1,214 | 1,214 | ||
Total current liabilities | 639,522 | 156,069 | |||
Long-term liabilities | |||||
Borrowings at amortized cost | 14 | Ps. | 1,525,800 | Ps. | 1,794,089 |
Outstanding bonds | 14 | 900,000 | 1,124,520 | ||
Total long-term liabilities | 2,425,800 | 2,918,609 | |||
Total liabilities | Ps. | 3,065,322 | Ps. | 3,074,678 | |
Shareholders' equity | |||||
Subscribed and paid capital | 17 | Ps. | 23,743 | Ps. | 23,743 |
Additional paid-in capital | 17 | 9,695,243 | 9,695,243 | ||
Retained earnings | 17 | 7,450,394 | 5,939,430 | ||
Net income | 723,038 | 2,541,179 | |||
Other equity accounts | 17 | (650,515) | (1,237,319) | ||
Total shareholders' equity | Ps. | 17,241,903 | Ps. | 16,962,276 | |
Total liabilities and shareholders' equity | Ps. | 20,307,225 | Ps. | 20,036,954 |
The accompanying notes are an integral part of these financial statements
Luis Carlos Sarmiento Gutiérrez | María Edith González Flórez | Diana Alexandra Rozo Muñoz |
President | Certified Public Accountant | Revisor Fiscal of Grupo Aval Acciones y Valores S.A. |
Registration 13083-T | Registration 120741 T | |
Member of KPMG S.A.S. | ||
(See my report of february 27th 2024) |
GRUPO AVAL ACCIONES Y VALORES S.A.
Separate statement of income
(Stated in millions of Colombian pesos, except earnings per share)
For the accumulated period | |||||
December 31st | December 31st | ||||
Note | 2023 | 2022 | |||
Operating revenue | |||||
Equity method income, net | 19 | Ps. | 731,040 | Ps. | 1,956,438 |
Other revenue from ordinary activities | 19 | 443,050 | 307,399 | ||
Total operating revenue | Ps. | 1,174,090 | Ps. | 2,263,837 | |
Expenses, net | |||||
Administrative expenses | 20 | Ps. | 79,766 | Ps. | 105,356 |
Other expenses | 20 | (467) | 4,092 | ||
revenue from exchange differences | 20 | 1,495 | 627 | ||
Operating income | Ps. | 1,093,296 | Ps. | 2,153,762 | |
Financial expenses | 20 | 326,757 | 191,558 | ||
Earnings before taxes | Ps. | 766,539 | Ps. | 1,962,204 | |
Income tax expense | 13 | 43,501 | 17,672 | ||
Net income from continuing operations | Ps. | 723,038 | Ps. | 1,944,532 | |
Discontinued operations | |||||
Equity method income from discontinued operations | 19 | - | 596,647 | ||
Income from discontinued operations | Ps. | - | Ps. | 596,647 | |
Net income | Ps. | 723,038 | Ps. | 2,541,179 | |
Number of shares outstanding | 17 | 23,743,475,754 | 23,743,475,754 | ||
Net income per share from continuing operations | Ps. | 30.45 | Ps. | 84.03 | |
Net income per share from discontinued operations | Ps. | - | Ps. | 25.78 |
The accompanying notes are an integral part of these financial statements
Luis Carlos Sarmiento Gutiérrez | María Edith González Flórez | Diana Alexandra Rozo Muñoz |
President | Certified Public Accountant | Revisor Fiscal of Grupo Aval Acciones y Valores S.A. |
Registration 13083-T | Registration 120741 T | |
Member of KPMG S.A.S. | ||
(See my report of february 27th 2024) |
GRUPO AVAL ACCIONES Y VALORES S.A.
Separate Statement of Other Comprehensive Income
(Stated in millions of Colombian pesos)
GRUPO AVAL ACCIONES Y VALORES S.A. Separate Statement of shareholders equility (Stated in million of Colombian pesos)
GRUPO AVAL ACCIONES Y VALORES S.A. Separate Individual statement of cash flow (Stated in millions of Colombian pesos)
For the accumulated period | ||||
December 31st | December 31st | |||
Note | 2023 | 2022 | ||
Cash flow from operating activity: | ||||
Net Income | Ps. | 723,038 Ps. | 2,541,179 | |
Adjustments to reconcile net profit with net cash | ||||
provided (used) in operating activities | ||||
Income tax expense | 13 | Ps. | 43,501 Ps. | 17,672 |
Property and equipment depreciation and amortization | 4 | 5 | ||
Impairment of receivables | 12 | 1,735 | 1,767 | |
Impairment of property and equipment | 9 | (689) | 2,907 | |
Equity method income | 19 | (731,040) | (1,956,438) | |
Equity method income from discontinued operations | 19 | - | (596,647) | |
Changes in operating assets and liabilities: | ||||
Decrease (Increase) in trading securities | Ps. | 508 Ps. | (717) | |
Increase in receivables | - | (661,710) | ||
Acquisition of permanent investments | 11 | - | (831,449) | |
Decrease in interest receivables | 9 | (9) | (10,058) | |
Decrease in other assets and liabilities, net: prepaid taxes, prepaid expenses; | ||||
taxes, accounts payable, employee liabilities, estimated liabilities and provisions. | (38,879) | (37,322) | ||
Increase (Derease) in interests payable | (405) | 20,114 | ||
Interest payment on lease agreements (IFRS 16) | 20 | (490) | (232) | |
Dividends received by subsidiaries | 879,252 | 564,575 | ||
Income tax paid | - | (3,354) | ||
Net cash provided in operating activities | Ps. | 876,526 Ps. | (949,708) | |
Cash flow from investing activities: | ||||
amortized cost investments | 7 | (19,146) | - | |
Acquisition of property and equipment | 12 | (145) | (164) | |
Net cash used in investing activities | Ps. | (19,291) Ps. | (164) | |
Cash flow from financing activities: | ||||
Dividends paid | (766,537) | (414,267) | ||
Acquisition of borrowings at amortized cost | 14 | - | 1,287,144 | |
Payment of other borrowings from banks | 14 | - | (29,000) | |
Payment of liabilities arising from lease agreements | 14 | (1,270) | (1,350) | |
Net cash used in financing activities | Ps. | (767,807) Ps. | 842,527 | |
Effect of exchange rate difference on cash | 456 | - | ||
Change in cash and cash equivalents | 89,884 | (107,345) | ||
Cash and cash equivalents as of the beginning of the period | 67,439 | 174,784 | ||
Cash and cash equivalents as of the end of the period | Ps. | 157,323 Ps. | 67,439 | |
Additional information: | ||||
Payment of Interest | Ps. | 327,624 Ps. | 170,566 |
The accompanying notes are an integral part of these financial statements
Luis Carlos Sarmiento Gutiérrez | María Edith González Flórez | Diana Alexandra Rozo Muñoz |
President | Certified Public Accountant | Revisor Fiscal of Grupo Aval Acciones y Valores S.A. |
Registration 13083-T | Registration 120741 T | |
Member of KPMG S.A.S. | ||
(See my report of february 27th 2024) |
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Grupo Aval Acciones y Valores SA published this content on 05 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2024 22:23:26 UTC.