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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