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Consolidated statement of changes in equity - COP ($)
$ in Millions
Subscribed and paid-in capital
Adoption of new standards
Subscribed and paid-in capital
After adoption of new standards IFRS
Subscribed and paid-in capital
Additional paid-in capital
Adoption of new standards
Additional paid-in capital
After adoption of new standards IFRS
Additional paid-in capital
Reserves
Adoption of new standards
Reserves
After adoption of new standards IFRS
Reserves
Other comprehensive income
Adoption of new standards
Other comprehensive income
After adoption of new standards IFRS
Other comprehensive income
Retained earnings
Adoption of new standards
Retained earnings
After adoption of new standards IFRS
Retained earnings
Total
Adoption of new standards
Total
After adoption of new standards IFRS
Total
Non-controlling interest
Adoption of new standards
Non-controlling interest
After adoption of new standards IFRS
Non-controlling interest
Adoption of new standards
After adoption of new standards IFRS
Total
Opening balance at Dec. 31, 2020     $ 25,040,067     $ 6,607,699     $ 9,635,136     $ 7,947,062     $ 669,900     $ 49,899,864     $ 3,599,499     $ 53,499,363
Net profit     0     0     0     0     15,649,143     15,649,143 $ 0   1,981,411     17,630,554
Release of reserves     0     0     (5,066,156)     0     5,066,156     0     0     0
Dividends declared     0     0     0     0     (698,984)     (698,984)     (2,008,840)     (2,707,824)
Business combination     0     0     0     0     0     0     18,973,080     18,973,080
Change in participation in subsidiaries     0     0     0     0     228,692     228,692     (596,394)     (367,702)
Equity restitution     0     0     0     0     0     0     (14,824)     (14,824)
Appropriation of reserves, Legal     0     0     168,808     0     (168,808)     0     0     0
Appropriation of reserves ,Fiscal and statutory     0     0     509,082     0     (509,082)     0     0     0
Appropriation of reserves , Occasional     0     0     5,377,359     0     (5,377,359)     0     0     0
(Loss) gain on hedging instruments:                                                
Cash flow hedge for future exports     0     0     0     (808,777)     0     (808,777)     0     (808,777)
Hedge of a net investment in a foreign operation     0     0     0     (2,869,539)     0     (2,869,539)     (1,871)     (2,871,410)
Cash flow hedge with derivative instruments     0     0     0     (105,048)     0     (105,048)     (30,618)     (135,666)
Financial instruments measured at fair value     0     0     0     431     0     431     399     830
Foreign currency translation     0     0     0     5,811,782     0     5,811,782     158,937     5,970,719
Sale of joint ventures     0     0     0     (361,728)     0     (361,728)     0     (361,728)
Remeasurement loss on defined benefit plans     0     0     0     1,743,711     0     1,743,711     33,446     1,777,157
Closing balance at Dec. 31, 2021 $ 0 $ 25,040,067 25,040,067 $ 0 $ 6,607,699 6,607,699 $ 0 $ 10,624,229 10,624,229 $ 0 $ 11,357,894 11,357,894 $ 42,054 $ 14,901,712 14,859,658 $ 42,054 $ 68,531,601 68,489,547   $ 22,094,225 22,094,225 $ 42,054 $ 90,625,826 90,583,772
Net profit     0     0     0     0     31,604,781     31,604,781     3,594,699     35,199,480
Release of reserves     0     0     (5,886,441)     0     5,886,441     0     0     0
Dividends declared     0     0     (6,907,605)     0     (11,512,675)     (18,420,280)     (2,073,000)     (20,493,280)
Business combination     0     0     0     0     0     0     (238,839)     (238,839)
Equity restitution     0     0     0     0     0     0     (84,824)     (84,824)
Appropriation of reserves, Legal     0     0     1,669,468     0     (1,669,468)     0     0     0
Appropriation of reserves ,Fiscal and statutory     0     0     509,082     0     (509,082)     0     0     0
Appropriation of reserves , Occasional     0     0     8,889,900     0     (8,889,900)     0     0     0
(Loss) gain on hedging instruments:                                                
Cash flow hedge for future exports     0     0     0     (1,528,749)     0     (1,528,749)     0     (1,528,749)
Hedge of a net investment in a foreign operation     0     0     0     (4,854,805)     0     (4,854,805)     (132,930)     (4,987,735)
Cash flow hedge with derivative instruments     0     0     0     62,792     0     62,792     55,121     117,913
Financial instruments measured at fair value     0     0     0     942     0     942     (113)     829
Foreign currency translation     0     0     0     11,572,728     0     11,572,728     4,387,994     15,960,722
Remeasurement loss on defined benefit plans     0     0     0     (814,083)     0     (814,083)     145,829     (668,254)
Closing balance at Dec. 31, 2022 $ 0 $ 25,040,067 25,040,067 $ 0 $ 6,607,699 6,607,699 $ 0 $ 8,898,633 8,898,633 $ 0 $ 15,796,719 15,796,719 $ (4,828) $ 29,806,981 29,811,809 $ (4,828) $ 86,150,099 86,154,927 $ 0 $ 27,748,162 27,748,162 $ (4,828) $ 113,898,261 113,903,089
Net profit     0     0     0     0     21,060,798     21,060,798     4,322,273     25,383,071
Release of reserves     0     0     (2,491,377)     0     2,491,377     0     0     0
Dividends declared     0     0     0     0     (24,382,199)     (24,382,199)     (3,146,267)     (27,528,466)
Equity restitution     0     0     0     0     0     0     (44,768)     (44,768)
Appropriation of reserves, Legal     0     0     3,340,629     0     (3,340,629)     0     0     0
Appropriation of reserves ,Fiscal and statutory     0     0     509,082     0     (509,082)     0     0     0
Appropriation of reserves , Occasional     0     0     7,665,758     0     (7,665,758)     0     0     0
(Loss) gain on hedging instruments:                                                
Cash flow hedge for future exports     0     0     0     3,075,743     0     3,075,743     (4,197)     3,071,546
Hedge of a net investment in a foreign operation     0     0     0     6,053,951     0     6,053,951     159,436     6,213,387
Cash flow hedge with derivative instruments     0     0     0     123,094     0     123,094     50,617     173,711
Financial instruments measured at fair value     0     0     0     (2,125)     0     (2,125)     (268)     (2,393)
Foreign currency translation     0     0     0     (13,761,678)     0     (13,761,678)     (4,415,918)     (18,177,596)
Remeasurement loss on defined benefit plans     0     0     0     (2,611,056)     0     (2,611,056)     (123,217)     (2,734,273)
Closing balance at Dec. 31, 2023     $ 25,040,067     $ 6,607,699     $ 17,922,725     $ 8,674,648     $ 17,461,488     $ 75,706,627     $ 24,545,853     $ 100,252,480