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v3.24.3

Interim condensed consolidated statement of changes in equity - COP ($) $ in Millions | Subscribed and paid-in capital | Additional paid-in capital | Reserves | Other comprehensive income | Retained earnings | Total | Non-controlling interest | Total
--- | --- | --- | --- | --- | --- | --- | --- | ---
Opening balance at Dec. 31, 2022 | $ 25,040,067 | $ 6,607,699 | $ 8,898,633 | $ 15,796,719 | $ 29,811,809 | $ 86,154,927 | $ 27,748,162 | $ 113,903,089
Net income |  |  |  |  | 11,931,149 | 11,931,149 | 2,540,438 | 14,471,587
Release of reserves |  |  | (2,491,377) |  | 2,491,377 |  |  |
Dividends declared |  |  |  |  | (24,382,200) | (24,382,200) | (1,967,009) | (26,349,209)
Capital restitution |  |  |  |  |  |  | (24,070) | (24,070)
Appropriation of reserves, Legal |  |  | 3,340,629 |  | (3,340,629) |  |  |
Appropriation of reserves ,Fiscal and statutory |  |  | 509,082 |  | (509,082) |  |  |
Appropriation of reserves , Occasional |  |  | 7,665,758 |  | (7,665,758) |  |  |
(Loss) gain on hedging instruments: |  |  |  |  |  |  |  |
Cash flow hedge for future exports |  |  |  | 2,232,555 |  | 2,232,555 | (7,271) | 2,225,284
Hedge of a net investment in a foreign operation |  |  |  | 3,706,040 |  | 3,706,040 | 99,239 | 3,805,279
Cash flow hedge with derivative instruments |  |  |  | 71,395 |  | 71,395 | 29,766 | 101,161
Financial instruments measured at fair value |  |  |  | (1,761) |  | (1,761) |  | (1,761)
Foreign currency translation |  |  |  | (8,747,429) |  | (8,747,429) | (1,963,340) | (10,710,769)
Actuarial gain (loss) |  |  |  | 830,119 |  | 830,119 | (8,346) | 821,773
Closing balance at Jun. 30, 2023 | 25,040,067 | 6,607,699 | 17,922,725 | 13,887,638 | 8,336,666 | 71,794,795 | 26,447,569 | 98,242,364
Opening balance (Before adoption of new standards IFRS) 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
Opening balance at Dec. 31, 2023 |  |  |  |  |  |  |  | 100,252,480
Net income |  |  |  |  | 6,642,349 | 6,642,349 | 2,075,425 | 8,717,774
Release of reserves |  |  | (8,174,839) |  | 8,174,839 |  |  |
Dividends declared |  |  |  |  | (12,828,409) | (12,828,409) | (1,567,781) | (14,396,190)
Capital restitution |  |  |  |  |  |  | (30,666) | (30,666)
Appropriation of reserves, Legal |  |  | 1,906,209 |  | (1,906,209) |  |  |
Appropriation of reserves ,Fiscal and statutory |  |  | 509,082 |  | (509,082) |  |  |
Appropriation of reserves , Occasional |  |  | 11,993,230 |  | (11,993,230) |  |  |
(Loss) gain on hedging instruments: |  |  |  |  |  |  |  |
Cash flow hedge for future exports |  |  |  | (1,151,252) |  | (1,151,252) | 3,966 | (1,147,286)
Hedge of a net investment in a foreign operation |  |  |  | (2,135,824) |  | (2,135,824) | (53,447) | (2,189,271)
Cash flow hedge with derivative instruments |  |  |  | (43,026) |  | (43,026) | 19,948 | (23,078)
Financial instruments measured at fair value |  |  |  | (235) |  | (235) | (218) | (453)
Foreign currency translation |  |  |  | 4,220,633 |  | 4,220,633 | 22,567 | 4,243,200
Actuarial gain (loss) |  |  |  | (142,034) |  | (142,034) | (48,057) | (190,091)
Closing balance at Jun. 30, 2024 | $ 25,040,067 | $ 6,607,699 | $ 24,156,407 | $ 9,422,910 | $ 5,041,746 | $ 70,268,829 | $ 24,967,590 | $ 95,236,419

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