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Consolidated statement of comprehensive income - COP ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Consolidated statement of comprehensive income |  |  |
Net profit for the year | $ 25,383,071 | $ 35,199,480 | $ 17,630,554
Unrealized gain (loss) on hedges: |  |  |
Cash flow hedge for future exports | 3,071,546 | (1,528,749) | (808,777)
Hedge of a net investment in a foreign operation | 6,213,387 | (4,987,735) | (2,871,410)
Cash flow hedge with derivative instruments | 173,711 | 117,913 | (135,666)
Financial instruments measured at fair value | (2,393) | 829 | 830
Foreign currency translation | (18,177,596) | 15,960,722 | 5,970,719
Sale of joint ventures | 0 | 0 | (361,728)
Other comprehensive income that may be reclassified to profit or loss in subsequent periods -net of taxes | (8,721,345) | 9,562,980 | 1,793,968
Other comprehensive income that will not to be reclassified to profit or loss in subsequent periods -net of taxes: |  |  |
Remeasurement (loss) gain on defined benefit plans | (2,734,273) | (668,254) | 1,777,157
Other comprehensive income that will not to be reclassified to profit or loss in subsequent periods -net of taxes | (2,734,273) | (668,254) | 1,777,157
Other comprehensive income for the year, net of tax | (11,455,618) | 8,894,726 | 3,571,125
Total comprehensive income for the year, net of tax | 13,927,453 | 44,094,206 | 21,201,679
Comprehensive income attributable to: |  |  |
Owners of parent | 13,938,727 | 36,043,606 | 19,059,975
Non-controlling interest | (11,274) | 8,050,600 | 2,141,704
Total comprehensive income for the year, net of tax | $ 13,927,453 | $ 44,094,206 | $ 21,201,679

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