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v3.25.1

Investments in associates and joint ventures - Movement of investments in associates and joint ventures (Details) - COP ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Investments in associates and joint ventures |  |  |  |
Opening balance | $ 8,418,632 | $ 9,496,600 | $ 8,357,186 |
Capital contributions | 20,430 | 853 | 329,377 |
Effects of equity method through: |  |  |  |
Profit or loss | 764,366 | 805,349 | 768,422 |
Other comprehensive income | (39,266) | (1,349,568) | 1,600,113 |
Dividends declared | (527,663) | (526,615) | (1,556,406) |
Impairment recovery | 15,374 | (7,987) | (2,092) |
Closing balance | 8,651,873 | 8,418,632 | 9,496,600 | $ 8,357,186
Dividends received | 425,191 | 482,124 | 1,471,134 | 206,048
Joint ventures |  |  |  |
Investments in associates and joint ventures |  |  |  |
Opening balance | 5,875,015 | 6,803,601 | 5,749,030 |
Capital contributions | 20,430 | 853 | 329,377 |
Effects of equity method through: |  |  |  |
Profit or loss | 629,222 | 607,617 | 642,093 |
Other comprehensive income | (117,716) | (1,181,002) | 1,450,948 |
Dividends declared | (349,070) | (348,067) | (1,365,755) |
Impairment recovery | 15,374 | (7,987) | (2,092) |
Closing balance | 6,073,255 | 5,875,015 | 6,803,601 | 5,749,030
Associates |  |  |  |
Investments in associates and joint ventures |  |  |  |
Opening balance | 2,543,617 | 2,692,999 | 2,608,156 |
Capital contributions | 0 | 0 |  |
Effects of equity method through: |  |  |  |
Profit or loss | 135,144 | 197,732 | 126,329 |
Other comprehensive income | 78,450 | (168,566) | 149,165 |
Dividends declared | (178,593) | (178,548) | (190,651) |
Impairment recovery | 0 | 0 |  |
Closing balance | $ 2,578,618 | $ 2,543,617 | $ 2,692,999 | $ 2,608,156

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- Definition The amount of impairment loss or reversal of impairment loss recognised from investments in associates and joint venture. + References No definition available. + Details
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- Definition The amount of investments in subsidiaries, joint ventures and associates in an entity's separate financial statements. [Refer: Total for all associates [member]; Total for all joint ventures [member]; Total for all subsidiaries [member]; Investments in subsidiaries reported in separate financial statements] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2024-01-01 -Paragraph 10 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2024-en-r&anchor=para_10&doctype=Standard -URIDate 2024-03-27 + Details
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- Definition The entity's share of the profit (loss) of associates and joint ventures accounted for using the equity method. [Refer: Total for all associates [member]; Investments accounted for using equity method; Total for all joint ventures [member]; Profit (loss)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2024-01-01 -Paragraph 28 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2024-en-r&anchor=para_28_e&doctype=Standard -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2024-01-01 -Paragraph 23 -Subparagraph g -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2024-en-r&anchor=para_23_g&doctype=Standard -URIDate 2024-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 82 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_82_c&doctype=Standard -URIDate 2024-03-27 + Details
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