XML 59 R15.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Other financial assets | 12 Months Ended
--- | ---
Dec. 31, 2023
Other financial assets |
Other financial assets | 9.Other financial assets ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
Assets measured at fair value |  |  |  |
Investments in equity securities and trust funds (1) |  | 1,210,138 |  | 875,335
Investment Portfolio – Foreign currency | ​ | 364,962 | ​ | 1,056,385
Hedging instruments (2) | ​ | 231,463 | ​ | 311
Investment Portfolio – Local currency | ​ | 54,887 | ​ | 761,687
Assets measured at fair value through other comprehensive income |  | 2,007 |  | 3,583
​ | ​ | 1,863,457 | ​ | 2,697,301
Assets measured at amortized cost (3) | ​ | 369,318 | ​ | 28,570
​ |  | 2,232,775 |  | 2,725,871
​ |  | ​ |  | ​
Current |  | 1,860,928 |  | 1,162,127
Non–current |  | 371,847 |  | 1,563,744
​ |  | 2,232,775 |  | 2,725,871
(1) | They include deposits in trusts companies and restricted funds in Brazil, Peru, Chile, and Colombia.
(2) | As of December 31, 2023, corresponds to swap contracts to hedge commodity price risk and forwards contracts to hedge exchange rate risk mainly in Ecopetrol S.A. and Interconexión Eléctrica S.A. E.S.P.
(3) | Includes investments with maturities greater than 90 days, in Chile and Colombia.
The average return of the investment portfolio in Colombian pesos (local currency) and U.S. dollars (foreign currency) were 12.9% (2022 - 4.3%) and 7.7% (2022 - 13.11%), respectively. Changes in fair value are recognized in financial results (Note 28).
9.1 | Restrictions
As of December 31, 2023 and 2022, there were restricted funds for $68,069 and $328,283 respectively, which have a specific destination, mainly in: i) Isa Interchile, for $26,666 (2022: $289,964), for obligations acquired in the issuance of Bond 144. Reg. S that establish certain restrictions and limitations on the use of resources with the purpose of guaranteeing the payment of long-term interest and capital, ii) Interligação Elétrica Norte e Nordeste, for $12,743 (2022: $16,227), related to a guarantee granted to Banco do Nordeste do Brasil (BNB) until the debt with the bank is paid and, iii) ISA, for $11,547 (2022: $8,714), associated with administration and payment trusts established for the projects of the Mining and Energy Planning Unit (UPME), resources retained by judicial seizures and the resources to develop the Conexión Jaguar program.
9.2 | Maturity
The following is the balance of other financial assets by date to maturity as of December 31, 2023, and 2022: ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
Up to 1 year |  | 1,860,928 |  | 1,162,127
1 – 2 years |  | 291,392 |  | 673,169
2 – 5 years |  | 28,186 |  | 452,417
> 5 years |  | 52,269 |  | 438,158
​ |  | 2,232,775 |  | 2,725,871
​
9.3 | Fair value
The following is the balance of other financial assets by fair value hierarchy level as of December 31, 2023, and 2022: ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
Level 1 |  | 1,526,458 |  | 1,892,486
Level 2 |  | 336,999 |  | 804,815
​ |  | 1,863,457 |  | 2,697,301
​ There were no transfers between hierarchy levels for the years ended December 31, 2023, and 2022.
9.4 | Credit rating
The following table reflects the credit quality of the issuers of other financial assets: ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
B | ​ | 1,263,144 | ​ | —
BB | ​ | 296,394 | ​ | 1,051,042
F1 | ​ | 259,003 | ​ | —
P-1 | ​ | 150,905 | ​ | —
A-2 | ​ | 116,738 | ​ | —
F2 | ​ | 55,606 | ​ | —
AAA | ​ | 22,864 | ​ | 40,369
BB+ | ​ | 13,921 | ​ | 898,072
A1 | ​ | 13,904 | ​ | —
BBB | ​ | 302 | ​ | 4,153
Baa3 | ​ | 3 | ​ | —
Ba1 | ​ | — | ​ | 388,743
Ba2 | ​ | — | ​ | 16,227
A | ​ | — | ​ | 14,702
A3 | ​ | — | ​ | 9,918
F3 |  | — |  | 4,457
F1+ | ​ | — | ​ | 29
Others |  | 39,991 |  | 298,159
​ |  | 2,232,775 |  | 2,725,871
​ See credit risk policy in Note 29.7.

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfFinancialAssetsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of financial assets. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_7&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfFinancialAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration