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Investments in associates and joint ventures - Movement of investments in associates and joint ventures (Details) - COP ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Investments in associates and joint ventures |  |  |
Opening balance | $ 9,496,600 | $ 8,357,186 | $ 3,174,628
Capital contributions | 853 | 329,377 | 44,735
Business combination |  |  | 5,014,749
Effects of equity method through: |  |  |
Profit or loss | 805,349 | 768,422 | 426,164
Other comprehensive income | (1,349,568) | 1,600,113 | 133,998
Dividends declared | (526,615) | (1,556,406) | (349,108)
Impairment | (7,987) | (2,092) | (84,502)
Others |  |  | (3,478)
Closing balance | 8,418,632 | 9,496,600 | 8,357,186
Dividends received | 482,124 | 1,471,134 | 206,048
Joint ventures |  |  |
Investments in associates and joint ventures |  |  |
Opening balance | 6,803,601 | 5,749,030 | 1,383,379
Capital contributions | 853 | 329,377 | 44,735
Business combination |  |  | 4,231,255
Effects of equity method through: |  |  |
Profit or loss | 607,617 | 642,093 | 232,797
Other comprehensive income | (1,181,002) | 1,450,948 | 121,856
Dividends declared | (348,067) | (1,365,755) | (177,870)
Impairment | (7,987) | (2,092) | (83,644)
Others |  |  | (3,478)
Closing balance | 5,875,015 | 6,803,601 | 5,749,030
Associates |  |  |
Investments in associates and joint ventures |  |  |
Opening balance | 2,692,999 | 2,608,156 | 1,791,249
Capital contributions | 0 | 0 |
Business combination |  |  | 783,494
Effects of equity method through: |  |  |
Profit or loss | 197,732 | 126,329 | 193,367
Other comprehensive income | (168,566) | 149,165 | 12,142
Dividends declared | (178,548) | (190,651) | (171,238)
Impairment | 0 | 0 | (858)
Closing balance | $ 2,543,617 | $ 2,692,999 | $ 2,608,156

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