KPMG S.A.S.
Calle 90 No. 19c - 74 Bogotá D.C. - Colombia
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(FREE TRANSLATION OF THE REPORT ISSUED IN SPANISH) STATUTORY AUDITOR'S REPORT ON THE REVIEW OF THE CONDENSED INTERIM CONSOLIDATED FINANCIAL INFORMATION
Dear Shareholders
Grupo Aval Acciones y Valores S.A.:
Introduction
I have reviewed the attached condensed consolidated interim financial information, as of March 31, 2024, of Grupo Aval Acciones y Valores S.A. and subsidiaries (the Group), which includes:
- the condensed consolidated statement of financial position as of March 31, 2024;
- the condensed consolidated statement of income for the three-month period ended on March 31, 2024.
- the condensed consolidated statement of other comprehensive income for the three- month period ended on March 31, 2024;
- the condensed consolidated statement of changes in equity for the three-month period ended on March 31, 2024;
- the condensed consolidated statement of cash flows for the three-month period ended on March 31, 2024; and
- the notes to the condensed interim financial information.
Management is responsible for the preparation and presentation of this condensed consolidated interim financial information in accordance with International Accounting Standard 34 (IAS 34) - Intermediate Financial Information contained in the Accounting and Financial Reporting Standards accepted in Colombia. My responsibility is to express a conclusion on this condensed consolidated financial information based on my review.
Scope of the review
I have carried out my review in accordance with the International Standard for Review Engagements 2410 "Review of Interim Financial Information carried out by the Independent Auditor of the Entity", included in the Information Assurance Standards accepted in Colombia. A review of condensed consolidated interim financial information consists of making inquiries, primarily with those responsible for financial and accounting matters, and the application of analytical and other review procedures. The scope of a review is substantially smaller than that of
© 2024 KPMG S.A.S., a Colombian joint-stock simplified corporation and member of the global
organization of independent member firms of KPMG International Limited, a private English entity | KPMG S.A.S. |
limited by guarantee. All rights reserved. | Tax ID.: 860.000.846-4 |
2
an audit carried out in accordance with International Auditing Standards accepted in Colombia and, consequently, it does not allow me to obtain assurance that I have known all the significant matters that could have been identified in an audit. Therefore, I do not express an audit opinion.
Conclusion
Based on my review, nothing has come to my attention that would cause me to assume that the attached condensed interim consolidated financial information of the Group as of March 31, 2024, has not been prepared, in all material respects, in accordance with the International Accounting Standard 34 (IAS 34) - Intermediate Financial Information contained in the Accounting and Financial Reporting Standards accepted in Colombia.
(Original signed in Spanish) Diana Alexandra Rozo Muñoz
Statutory Auditor of Grupo Aval Acciones y Valores S.A.
Registration 120741-T
Member of KPMG S.A.S.
May 14, 2024
Grupo Aval Acciones y Valores S.A. and Subsidiaries Condensed Consolidated Statement of Financial Position (Amounts expressed in millions of Colombian pesos)
Notes | March 31, 2024 | December 31, 2023 | |||
Assets | |||||
Cash and cash equivalents | 4 (a) | Ps. | 18,568,325 | Ps. | 18,597,861 |
Trading assets | 4 (a) | 15,384,458 | 15,451,121 | ||
Investment securities | 4 (a) | 36,560,046 | 34,425,693 | ||
Hedging derivative assets | 4 (a) | 58,930 | 48,662 | ||
Loans, net | 4 (a) | 178,470,956 | 176,168,055 | ||
Other accounts receivable, net | 4 (g) | 26,442,421 | 25,617,225 | ||
Non-current assets held for sale | 103,100 | 101,184 | |||
Investments in associates and joint ventures | 6 | 1,123,911 | 1,290,683 | ||
Tangible assets | 7 | 7,094,403 | 6,995,890 | ||
Concessions contracts | 8 | 13,568,427 | 13,557,267 | ||
Goodwill | 9 | 2,202,959 | 2,202,222 | ||
Other Intangibles | 2,450,926 | 2,382,427 | |||
Income tax assets | 4,397,442 | 3,877,749 | |||
Other assets | 465,691 | 465,557 | |||
Total assets | Ps. | 306,891,995 | Ps. | 301,181,596 | |
Liabilities and equity | |||||
Liabilities | |||||
Trading liabilities | 4 (a) | Ps. | 1,193,147 | Ps. | 2,154,361 |
Hedging derivative liabilities | 4 (a) | 159,989 | 217,566 | ||
Customer deposits | 4 (a) | 189,212,188 | 181,987,396 | ||
Financial obligations | 4 (a) | 66,085,660 | 65,541,339 | ||
Provisions | 11 | 1,045,032 | 1,083,283 | ||
Income tax liabilities | 5,954,272 | 5,814,987 | |||
Employee benefits | 12 | 926,833 | 907,808 | ||
Other liabilities | 13 | 11,238,837 | 11,954,440 | ||
Total liabilities | Ps. | 275,815,958 | Ps. | 269,661,180 | |
Equity | |||||
Owners of the parent: | |||||
Subscribed and paid-in capital | Ps. | 23,744 | Ps. | 23,744 | |
Additional paid-in capital | 9,562,530 | 9,571,374 | |||
Retained earnings | 7,278,734 | 7,731,773 | |||
Other comprehensive income | (412,842) | (544,219) | |||
Equity attributable to owners of the parent | 16,452,166 | 16,782,672 | |||
Non-controlling interest | 14,623,871 | 14,737,744 | |||
Total equity | 31,076,037 | 31,520,416 | |||
Total liabilities and equity | Ps. | 306,891,995 | Ps. | 301,181,596 |
The accompanying notes are an integral part of the condensed consolidated financial statements.
Grupo Aval Acciones y Valores S.A. and Subsidiaries
Condensed Consolidated Statement of Income
(Amounts expressed in millions of Colombian pesos)
Notes | ||
Interest income | 4 (i) | Ps. |
Interest expense | 4 (j) | |
Net interest income | ||
Net impairment loss on financial assets | ||
Net interest income, after impairment losses | ||
Income from commissions and fees | ||
Expenses from commissions and fees | ||
Net income from commissions and fees | 16 | |
For the three-months
periods ended March 31,
2021
2024 2023
(1)
7,236,192 Ps. 7,008,324
(5,555,836) (5,459,500)
1,680,356 1,548,824
(1,360,060) (786,489)
320,296 762,335
1,126,857 1,084,530
(234,578) | (242,227) |
892,279 | 842,303 |
Income from sales of goods and services | 2,592,487 | 2,927,482 | |||
Costs and expenses of sales goods and services | (1,769,076) | (1,763,843) | |||
Net income from sales of goods and services | 16 | 823,411 | 1,163,639 | ||
Net trading income | 17 | 243,631 | (81,280) | ||
Net income from other financial instruments mandatorily at fair value through profit or loss | 104,484 | 93,949 | |||
Other income | 18 | 409,427 | 875,870 | ||
Other expenses | 18 | (2,094,627) | (2,077,011) | ||
Net income before tax expense | 698,901 | 1,579,805 | |||
Income tax expense | 10 | (225,659) | (532,551) | ||
Net income from continuing operations | Ps. | 473,242 | Ps. | 1,047,254 |
Net income attributable to owners of the parent
Net income attributable to non-controlling interests
Net Income
Net income per share basic and diluted (in Colombian pesos)
113,743 | 425,090 | |||
359,499 | 622,164 | |||
Ps. | 473,242 | Ps. | 1,047,254 | |
14 | Ps. | 4.79 | Ps. | 17.90 |
The accompanying notes are an integral part of the condensed consolidated financial statements.
Grupo Aval Acciones y Valores S.A. and Subsidiaries
Condensed Consolidated Statement of Other Comprehensive Income
(Amounts expressed in millions of Colombian pesos)
For the three-months ended | ||||||
March 31, | ||||||
Notes | 2024 | 2023 | ||||
Net income | Ps. | 473,242 | Ps. | 1,047,254 | ||
Other comprehensive income | ||||||
Items that will be reclassified to profit or loss | ||||||
Net hedges of investments in foreing operations | ||||||
Foreign currency translation differences from hedged item foreign operations | 5 | 18,643 | (123,149) | |||
Hedging non-derivative instrument | 5 | (14,301) | 120,238 | |||
Cash flow hedges | 5 | 4,613 | (3,114) | |||
Foreign currency translation differences from unhedged item foreign operations | 774 | (65,076) | ||||
Equity-accounted investees - share of OCI | 6 | 3,665 | 594 | |||
Unrealized gains on securities at FVOCI | 31,350 | 735,161 | ||||
Income tax | (11,554) | (244,939) | ||||
Total, items that may be reclassified to profit or loss | Ps. | 33,190 | Ps. | 419,715 | ||
Items that will not be reclassified to profit or loss | ||||||
Equity investments at FVOCI - net change in fair value | 252,163 | (53,709) | ||||
Actuarial loss from defined benefit pension plans | (791) | (1) | ||||
Income tax | 4,911 | (22) | ||||
Total, items that will not be reclassified to profit or loss | Ps. | 256,283 | Ps. | (53,732) | ||
Total other comprehensive income, net of taxes | 289,473 | 365,983 | ||||
Total comprehensive income | Ps. | 762,715 | Ps. | 1,413,237 | ||
Total comprehensive income for the periods attributable to: | ||||||
Owners of the parent | 245,120 | 723,808 | ||||
Non-controlling interest | 517,595 | 689,429 | ||||
Ps. | 762,715 | Ps. | 1,413,237 |
The accompanying notes are an integral part of the condensed consolidated financial statements.
Grupo Aval Acciones y Valores S.A. and Subsidiaries
Condensed Consolidated Statement of Changes in Equity for the three-month periods ended March 31, 2024 and 2023
(Amounts expressed in millions of Colombian pesos)
Subscribed | Additional | Appropriated | Other | Equity attributable to | Non- | Total | |||||||||||
and paid-in | paid - in | retained | comprehensive | controlling | |||||||||||||
owners of the parent | equity | ||||||||||||||||
capital | capital | earnings | income (OCI) | interest (NCI) | |||||||||||||
Balance at December 31, 2022 | Ps. | 23,744 | Ps. | 9,571,374 | Ps. | 8,018,417 | Ps. | (1,146,565) | Ps. | 16,466,970 | Ps. | 14,354,689 | Ps. | 30,821,659 | |||
Dividends declared in cash | - | - | (1,025,718) | - | (1,025,718) | (1,014,794) | (2,040,512) | ||||||||||
Other comprehensive income | - | - | - | 298,718 | 298,718 | 67,265 | 365,983 | ||||||||||
Withholding Tax over dividends | - | - | 10,640 | - | 10,640 | 22,025 | 32,665 | ||||||||||
Net income | - | - | 425,090 | - | 425,090 | 622,164 | 1,047,254 | ||||||||||
Balance at March 31, 2023 | Ps. | 23,744 | Ps. | 9,571,374 | Ps. | 7,428,429 | Ps. | (847,847) Ps. | 16,175,700 | Ps. | 14,051,349 | Ps. 30,227,049 | |||||
Subscribed | Additional | Appropriated | Other | Equity attributable to | Non- | Total | |||||||||||
and paid-in | paid - in | retained | comprehensive | controlling | |||||||||||||
owners of the parent | equity | ||||||||||||||||
capital | capital | earnings | income (OCI) | interest (NCI) | |||||||||||||
Balance at December 31, 2023 | Ps. | 23,744 | Ps. | 9,571,374 | Ps. | 7,731,773 | Ps. | (544,219) | Ps. | 16,782,672 | Ps. | 14,737,744 | Ps. | 31,520,416 | |||
Dividends declared in cash (1) | - | - | (569,843) | - | (569,843) | (623,370) | (1,193,213) | ||||||||||
Equity transactions (1) | - | (8,844) | - | - | (8,844) | (12,979) | (21,823) | ||||||||||
Other comprehensive income | - | - | - | 131,377 | 131,377 | 158,096 | 289,473 | ||||||||||
Effect of realization OCI to retained | - | - | 692 | - | 692 | 323 | 1,015 | ||||||||||
Withholding Tax over dividends | - | - | 2,369 | - | 2,369 | 4,558 | 6,927 | ||||||||||
Net income | - | - | 113,743 | - | 113,743 | 359,499 | 473,242 | ||||||||||
Balance at March 31, 2024 | Ps. | 23,744 | Ps. | 9,562,530 | Ps. | 7,278,734 | Ps. | (412,842) Ps. | 16,452,166 | Ps. | 14,623,871 | Ps. 31,076,037 | |||||
- See note 14
The accompanying notes are an integral part of the condensed consolidated financial statements.
Grupo Aval Acciones y Valores S.A. and Subsidiaries
Condensed Consolidated Statement of Cash Flows for the three-month periods ended March 31, 2024 and 2023
(Amounts expressed in millions of Colombian pesos)
… | Notes | . | March 31, 2024 | .. | March 31, 2023 |
Cash flows from operating activities: | |||||
Net income before income tax | Ps. | 698,901 | Ps. | 1,579,805 | |
Reconciliation of net income before taxes and net cash provided by (used in) operating activities: | |||||
Depreciation and amortization | 16-18 | 302,117 | 279,584 | ||
Impairment losses of loans and receivables, net | 4-16 | 1,507,496 | 935,469 | ||
Valuations and interest from concession agreements | (817,689) | (1,260,858) | |||
Net interest income | (1,680,356) | (1,548,824) | |||
Gain on the sale of non-current assets held for sale | (3,454) | (865) | |||
Gain on sales of tangible assets | (22,379) | (5,025) | |||
Foreign exchange, net | 18 | (31,873) | (488,545) | ||
Share of profit of equity accounted investees, net of tax | 6-18 | (91,142) | (94,738) | ||
Accrued dividends | 18 | (134,360) | (119,767) | ||
Valuation of derivatives | 17 | 57,810 | 672,258 | ||
Non-current assets held for sale | 943 | (142) | |||
Valuation investment property | 4 (a) | (8,091) | (47) | ||
Valuation biological assets | 4 (a) | (1,675) | (3,156) | ||
Changes in operating assets and liabilities | |||||
Derivatives | (241,862) | (804,470) | |||
Trading assets | (768,379) | (1,883,400) | |||
Accounts receivable | 237,646 | (219,249) | |||
Other assets | (51,028) | (25,610) | |||
Other liabilities and provisions | (1,534,557) | (654,362) | |||
Employee benefit | 19,018 | (2,237) | |||
Loans | (3,277,307) | (1,598,740) | |||
Customer deposits | 7,040,940 | 5,553,614 | |||
Interbank borrowings and overnight funds | 2,132,264 | (270,635) | |||
Borrowings from development entities | (1,701) | 83,547 | |||
Borrowings from banks | (1,235,144) | (216,821) | |||
Interest received | 6,694,944 | 6,139,939 | |||
Interest paid | (5,390,251) | (4,755,112) | |||
Lease interest | (65,601) | (45,541) | |||
Income tax payments | (558,196) | (523,796) | |||
Net cash provided by operating activities | Ps. | 2,777,034 | Ps. | 722,276 | |
Cash flows from investing activities: | |||||
Purchases of financial assets at amortized cost | Ps. | (1,154,456) | Ps. | (967,134) | |
Redemptions of financial assets at amortized cost | 1,176,444 | 1,058,158 | |||
Purchases of investments at FVOCI | (7,650,060) | (5,144,385) | |||
Proceeds from sale of investment at FVOCI | 6,084,426 | 7,578,151 | |||
Acquisition of associates investment and join ventures | 6 | (210) | - | ||
Purchases tangible assets | (146,745) | (89,791) | |||
Proceeds from sales of property, plant and equipment | 48,190 | 45,349 | |||
Proceeds from sales of non-current assets held for sale | 15,100 | 5,194 | |||
Capitalization and payments in concession contracts | (47,720) | 130,757 | |||
Additions of other intangible assets | (137,544) | (115,887) | |||
Dividends received | 42,508 | 111,611 | |||
Net cash (used) provided in by investing activities | Ps. | (1,770,067) | Ps. | 2,612,023 | |
Cash flows from financing activities:
Dividends paid to owners of the parent | Ps. | (255,091) | Ps. | |
Dividends paid to non-controlling interest | (162,217) | |||
Issuance of debt securities | 75,866 | |||
Payment of outstanding debt securities | (735,061) | |||
Leases | (95,338) | |||
Net cash used by financing activities | Ps. | (1,171,841) | Ps. | |
Effect of foreign currency changes on cash and equivalents | 135,338 | |||
(Decrease) increase in cash and cash equivalents | (29,536) | |||
Cash and cash equivalents at beginning of period | 4 (a) | Ps. | 18,597,861 | Ps. |
Cash and cash equivalents at end of period | 4 (a) | Ps. | 18,568,325 | Ps. |
(1,475)
(67,965)
2,571,859
(3,057,617)
(100,444)
(655,642)
(383,667)
2,294,990
17,032,857
19,327,847
The accompanying notes are an integral part of the condensed consolidated financial statements.
Grupo Aval Acciones y Valores S.A. and Subsidiaries Notes to the Condensed Consolidated Financial Statements (Amounts expressed in millions of Colombian pesos)
NOTE 1 - REPORTING ENTITY
Grupo Aval Acciones y Valores S.A. (hereinafter the "The Group" or "Grupo Aval") was established under Colombian law in January 7, 1994, with its main offices and business address registered in Bogotá, D.C., Colombia. The corporate purpose of Grupo Aval is the purchase and sale of securities issued by financial and comercial entities. Grupo Aval is the majority shareholder of Banco de Bogotá S.A., Banco de Occidente S.A., Banco Popular S.A. and Banco Comercial AV Villas S.A., entities whose main purpose is to
perform all transactions, operations and services inherent to the banking business, pursuant to applicable laws and regulations. Furthermore, through its direct and indirect investments in Corporación Financiera Colombiana S.A. ("Corficolombiana") and in Sociedad Administradora de Fondos de Pensiones y Cesantías Porvenir S.A. ("Porvenir"), Grupo Aval engages in investment banking
activities, invests in the non-financial sector, and manages pensions and severance funds in Colombia.
NOTE 2 - BASIS OF PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENTS AND SUMMARY OF
SIGNIFICANT ACCOUNTING POLICIES
The consolidated condensed interim financial information has been prepared in accordance with International Accounting Standard IAS 34 Interim Financial Reporting, contained in the Accounting and Financial Information Standards accepted in Colombia (NCIF) established in Law 1314 of 2009, regulated by the single regulatory decree 2420 of 2015 and the other amending decrees issued by the National Government.
These interim financial statements do not include all the information required for a complete set of IFRS financial statements and should be read in conjunction with the Group's last annual consolidated financial statements as of and for the year ended December
31, 2023. All information is presented in millions of pesos and has been rounded to the nearest unit, except in cases here otherwise indicated. In accordance with IAS 34 Interim Financial Reporting, the accounting policies used for interim periods are the same as those applied in the preparation of the annual financial statements.
Grupo Aval does not present seasonal or cyclical effects on its disclosed revenue, however selected explanatory notes are included to explain events and transactions that are significant to understanding the changes in the Group's financial position and performance
since the last annual financial statements.
NOTE 3 - USE OF JUDGEMENTS AND ESTIMATES
In preparing these interim condensed consolidated financial statements, management has made judgements and estimates that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expense.
The significant judgements made by management in applying the Group's accounting policies and the key sources of estimation were the same as those described in the last annual financial statements ended on December 31, 2023.
NOTE 4 - FINANCIAL INSTRUMENTS - FAIR VALUE AND MANAGEMENT RISK
- Carrying value and fair value
- Classification of financial assets and liabilities
The following table provides a reconciliation between the items in the Consolidated Statement of Financial Position after impairment and the categories of financial instruments as of March 31, 2024 and December 31, 2023.
6
Grupo Aval Acciones y Valores S.A. and Subsidiaries Notes to the Condensed Consolidated Financial Statements (Amounts expressed in millions of Colombian pesos)
March 31, 2024
Mandatorily | Total | |||||||||
at | Fair value | Amortized | net carrying | |||||||
Financial assets | Detail | FVTPL | at OCI | Cost | amount |
Cash | Ps. | - | Ps. | - | Ps. |
Deposits in the Colombian central bank | - | - | |||
Demand deposits in banks and other financial entities | - | - | |||
Clearing houses | - | - | |||
Liquidity management | - | - | |||
Cash held for specific purposes | - | - | |||
Cash and cash equivalents | Ps. | - | Ps. | - | Ps. |
Trading assets
4,080,249 Ps. 4,080,249
5,720,9925,720,992
4,975,8984,975,898
271271
2,487,179 | 2,487,179 |
1,303,7361,303,736
18,568,325 | Ps. | 18,568,325 |
Trading investment | ||||||||
Securities issued or secured by Colombian Government | Ps. | 6,526,621 | Ps. | - | Ps. | - | Ps. | 6,526,621 |
Securities issued or secured by other entities of the Colombian Government | 223,433 | - | - | 223,433 | ||||
Securities issued or secured by foreign Government | 68,269 | - | - | 68,269 | ||||
Securities issued or secured by other financial entities | 917,361 | - | - | 917,361 | ||||
Securities issued or secured by entities of the Non-financial sector | 7,505 | - | - | 7,505 | ||||
Other | 26,912 | - | - | 26,912 | ||||
Total trading investment | Ps. | 7,770,101 | Ps. | - | Ps. | - | Ps. | 7,770,101 |
Investments in equity securities | ||||||||
Trading equity securities | Ps. | 6,378,309 | Ps. | - | Ps. | - | Ps. | 6,378,309 |
Held for trading Derivatives | ||||||||
Currency Forward | Ps. | 967,028 | Ps. | - | Ps. | - | Ps. | 967,028 |
Bond Forward | 17,160 | - | - | 17,160 | ||||
Interest Rate Swap | 219,381 | - | - | 219,381 | ||||
Currency Swap | 8,550 | - | - | 8,550 | ||||
Currency Options | 23,929 | - | - | 23,929 | ||||
Interest rate futures | - | - | - | - | ||||
Total held for trading derivatives | Ps. | 1,236,048 | Ps. | - | Ps. | - | Ps. | 1,236,048 |
Total trading assets | Ps. | 15,384,458 | Ps. | - | Ps. | - | Ps. | 15,384,458 |
Investments | ||||||||
Investments in debt securities at fair value through profit or loss | ||||||||
Other | Ps. | 1,899 | Ps. | - | Ps. | - | Ps. | 1,899 |
Investments at fair value through OCI | ||||||||
Securities issued or secured by Colombian Government | Ps. | - | Ps. | 17,945,070 | Ps. | - | Ps. | 17,945,070 |
Securities issued or secured by other entities of the Colombian Government | - | 881,833 | - | 881,833 | ||||
Securities issued or secured by foreign Government | - | 2,811,250 | - | 2,811,250 | ||||
Securities issued or secured by central banks | - | 155,109 | - | 155,109 | ||||
Securities issued or secured by other financial entities | - | 2,268,107 | - | 2,268,107 | ||||
Securities issued or secured by entities of the non-financial sector | - | 220,620 | - | 220,620 | ||||
Other | - | 696,574 | - | 696,574 |
7
Grupo Aval Acciones y Valores S.A. and Subsidiaries Notes to the Condensed Consolidated Financial Statements (Amounts expressed in millions of Colombian pesos)
Mandatorily | Total | ||||
at | Fair value | Amortized | net carrying | ||
Financial assets | Detail | FVTPL | at OCI | Cost | amount |
Total investments at fair value through OCI | Ps. | - | Ps. | 24,978,563 | Ps. | - | Ps. | 24,978,563 |
Investments in equity securities
Investments in equity through OCI | Ps. | - | Ps. | 1,370,601 | Ps. | - | Ps. | 1,370,601 | |
Financial assets at amortized cost, net | |||||||||
Securities issued or secured by Colombian Government | Ps. | - | Ps. | - | Ps. | 2,635,794 | Ps. | 2,635,794 | |
Securities issued or secured by other entities of the Colombian Government | - | - | 5,265,259 | 5,265,259 | |||||
Securities issued or secured by Foreign Government | - | - | 26,345 | 26,345 | |||||
Securities issued or secured by other financial entities | - | - | 2,083,957 | 2,083,957 | |||||
Securities issued or secured by entities of the non-financial sector | - | - | 133,878 | 133,878 | |||||
Other | - | - | 63,750 | 63,750 | |||||
Investments in debt securities, net | Ps. | - | Ps. | - | Ps. | 10,208,983 | Ps. | 10,208,983 | |
Total investments | Ps. | 1,899 | Ps. | 26,349,164 | Ps. | 10,208,983 | Ps. | 36,560,046 | |
Hedging Derivatives | |||||||||
Currency Forward | Ps. | 2,783 | Ps. | - | Ps. | - | Ps. | 2,783 | |
Interest Rate Swap | 56,147 | - | - | 56,147 | |||||
Total hedging derivatives | Ps. | 58,930 | Ps. | - | Ps. | - | Ps. | 58,930 | |
Loans | |||||||||
Interbank and overnight funds | Ps. | - | Ps. | - | Ps. | 379,093 | Ps. | 379,093 | |
Commercial | - | - | 104,025,794 | 104,025,794 | |||||
Consumer | - | - | 55,402,651 | 55,402,651 | |||||
Mortgage | - | - | 18,438,216 | 18,438,216 | |||||
Microcredit | - | - | 225,202 | 225,202 | |||||
Total loan portfolio, net | d) | Ps. | - | Ps. | - | Ps. | 178,470,956 | Ps. | 178,470,956 |
Other account receivables | |||||||||
Financial assets in concession contracts | Ps. | 3,935,400 | Ps. | - | Ps. | - | Ps. | 3,935,400 | |
Other accounts receivables at amortized cost, net | - | - | 22,507,021 | 22,507,021 | |||||
Total other account receivables, net | g) | Ps. | 3,935,400 | Ps. | - | Ps. | 22,507,021 | Ps. | 26,442,421 |
Total financial assets, net | Ps. | 19,380,687 | Ps. | 26,349,164 | Ps. | 229,755,285 | Ps. | 275,485,136 |
Mandatorily | Total | |||||||||||||
LIABILITIES | at | Fair value | Amortized | net carrying | ||||||||||
Detail | FVTPL | at OCI | Cost | amount | ||||||||||
Trading Derivatives |
Currency forward | Ps. | 872,526 | Ps. | - | Ps. |
Bond forward | 5,737 | - | |||
Interest rate futures | 4,195 | - | |||
Interest rate swap | 243,904 | - | |||
Currency swap | 38,530 | - | |||
Currency options | 28,255 | - | |||
Total trading derivatives | Ps. | 1,193,147 | Ps. | - | Ps. |
Hedging derivatives
- | Ps. | 872,526 |
- | 5,737 | |
- | 4,195 | |
- | 243,904 | |
- | 38,530 | |
- | 28,255 | |
- | Ps. | 1,193,147 |
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Grupo Aval Acciones y Valores SA published this content on 14 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 10:57:25 UTC.