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Bank loans: (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of loans and advances to banks [Abstract]  
Disclosure of Detailed Information About Credit Lines [Text Block]
At December 31, 2017, the Company has used the total amount of these credits as shown in the next page,
 
 
 
Credit line
 
 
Credit line
 
 
Principal
 
 
Commissions and
 
 
Term
 
 
Fair
 
Bank
 
foreign currency
 
 
used in pesos
 
 
amortization
 
 
interests - Net
 
 
Short
 
 
Long
 
 
value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Santander, S.A.
 
 
 
 
 
Ps
2,000,000
 
 
Ps
 
 
 
Ps
14,875
 
 
Ps
14,875
 
 
Ps
2,000,000
 
 
Ps
2,089,786
 
BBVA Bancomer, S. A.
 
 
 
 
 
 
4,000,000
 
 
 
4,000,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BBVA Bancomer, S. A
 
 
 
 
 
 
2,000,000
 
 
 
 
 
 
 
(10,576
)
 
 
2,967
 
 
 
1,986,467
 
 
 
2,091,065
 
BBVA Bancomer, S. A.
 
USD
72,500
 
 
 
1,425,560
 
 
 
 
 
 
 
3,215
 
 
 
5,675
 
 
 
1,423,100
 
 
 
1,540,499
 
Bank of America Merrill Lynch
(*)
 
USD
72,500
 
 
 
 1,425,560
 
 
 
 
 
 
 
3,215
 
 
 
5,675
 
 
 
1,423,100
 
 
 
1,535,374
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Mexico
 
USD
145,000
 
 
Ps
10,851,120
 
 
Ps
4,000,000
 
 
Ps
10,729
 
 
Ps
29,182
 
 
Ps
6,832,667
 
 
Ps
7,256,724
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bancolombia
 
COP
150,000,000
 
 
Ps
1,295,381
 
 
Ps
 
 
 
Ps
(2,595
)
 
Ps
103,100
 
 
Ps
1,189,686
 
 
Ps
1,204,983
 
CorpBanca Colombia
 
 
102,000,000
 
 
 
813,757
 
 
 
 
 
 
 
(633
)
 
 
2,840
 
 
 
810,284
 
 
 
819,385
 
Banco Davivienda
 
 
90,000,000
 
 
 
718,021
 
 
 
 
 
 
 
(1,159
)
 
 
2,488
 
 
 
714,374
 
 
 
722,990
 
Banco de Bogotá
 
 
37,000,000
 
 
 
328,111
 
 
 
 
 
 
 
(1,047
)
 
 
34,159
 
 
 
292,905
 
 
 
297,229
 
Banco de Occidente
 
 
37,000,000
 
 
 
295,187
 
 
 
 
 
 
 
(1,258
)
 
 
1,031
 
 
 
292,898
 
 
 
297,229
 
Banco Popular
 
 
8,000,000
 
 
 
63,824
 
 
 
 
 
 
 
(941
)
 
 
369
 
 
 
62,514
 
 
 
64,266
 
Banco AV Villas
 
 
8,000,000
 
 
 
63,824
 
 
 
 
 
 
 
(49
)
 
 
223
 
 
 
63,552
 
 
 
64,266
 
Servicios Financieros
 
 
8,000,000
 
 
 
63,824
 
 
 
 
 
 
 
(1,243
)
 
 
79
 
 
 
62,502
 
 
 
64,266
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Airplan
 
COP
440,000,000
 
 
Ps
3,641,929
 
 
Ps
 
 
 
Ps
(8,925
)
 
Ps
144,289
 
 
Ps
3,488,715
 
 
Ps
3,534,614
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ps
14,493,049
 
 
Ps
4,000,000
 
 
Ps
1,804
 
 
Ps
173,471
 
 
Ps
10,321,382
 
 
Ps
10,791,338
 
 
At December 31, 2018, the Company has used the total amount of these credit lines as shown below:
 
 
 
Credit line
 
 
Credit line
 
 
Principal
 
 
 
Commissions and
 
 
Term
 
 
Fair
 
Bank
 
foreign currency
 
 
used in pesos
 
 
amortization
 
 
 
interests - Net
 
 
Short
 
 
Long
 
 
value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Santander, S. A.
 
 
 
 
 
Ps
2,000,000
 
 
Ps
 
 
 
Ps
(
10,733
) 
 
Ps
 
 
 
Ps
1,989,267
 
 
Ps
2,132,256
 
BBVA Bancomer, S. A.
 
 
 
 
 
 
2,000,000
 
 
 
 
 
 
 
(1,598
) 
 
 
2,731
 
 
 
1,995,671
 
 
 
2,135,210
 
BBVA Bancomer, S. A.
 
USD
72,500
 
 
 
1,425,560
 
 
 
1,425,560
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bank of America Merrill Lynch
 
USD
72,500
 
 
 
1,425,560
 
 
 
1,425,560
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total México
 
USD
145,000
 
 
Ps
6,851,120
 
 
Ps
2,851,120
 
 
Ps 
(12,331
) 
 
Ps
2,731
 
 
Ps
3,984,938
 
 
Ps
4,267,466
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bancolombia, S. A.
 
COP
146,250,000
 
 
Ps
1,099,078
 
 
Ps
 
 
 
Ps
 2,656
 
 
Ps
58,958
 
 
Ps
1,042,776
 
 
Ps
1,065,445
 
Corpbanca Colombia, S. A.
 
 
99,450,000
 
 
 
747,684
 
 
 
 
 
 
 
 2,947
 
 
 
40,030
 
 
 
710,601
 
 
 
724,502
 
Banco Davivienda, S. A.
 
 
87,750,000
 
 
 
659,584
 
 
 
 
 
 
 
 2,064
 
 
 
35,317
 
 
 
626,331
 
 
 
639,267
 
Banco de Bogotá, S. A.
 
 
36,074,210
 
 
 
270,972
 
 
 
 
 
 
 
 144
 
 
 
14,528
 
 
 
256,588
 
 
 
262,810
 
Banco de Occidente, S. A.
 
 
36,074,228
 
 
 
270,970
 
 
 
 
 
 
 
 135
 
 
 
14,527
 
 
 
256,578
 
 
 
262,810
 
Banco Popular, S. A.
 
 
7,799,030
 
 
 
58,389
 
 
 
 
 
 
 
 (580
) 
 
 
3,275
 
 
 
54,534
 
 
 
56,824
 
Banco AV Villas, S. A.
 
 
7,800,000
 
 
 
58,642
 
 
 
 
 
 
 
 233
 
 
 
3,141
 
 
 
55,734
 
 
 
56,824
 
Servicios Financieros, S. A.
 
 
7,800,000
 
 
 
58,393
 
 
 
 
 
 
 
 (867
) 
 
 
3,008
 
 
 
54,518
 
 
 
56,824
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Airplan
 
COP
428,997,468
 
 
Ps
3,223,712
 
 
Ps
 
 
 
Ps
 6,732
 
 
Ps
172,784
 
 
Ps
3,057,660
 
 
Ps
3,125,306
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ps
2,851,120
 
 
Ps
(5,599
) 
 
Ps
175,515
 
 
Ps
7,042,598
 
 
Ps
7,392,772
 
 
(*)
The following variables were used to determine the fair values of the loans at December 31, 2017 and 2018:
 
As a result of the business combination in Airplan on October 19, 2017, a fair value of the syndicated loan, valued at its amortized cost, was determined, increasing its value by Ps605,382. The debt contracted in the original currency (the Colombian peso) plus this adjustment to fair value will result in COP535,125,402.
 
México
:
 
2017:
 
-
FRA LIBOR Curve 6 months.
-
FRA TIIE Curve 28.
-
LIBOR Discount curve 3 months.
-
Implicite curve weights.
-
Probability of default ASUR.
 
2018:
 
-
FRA TIIE Curve 28 at December 31, 2018.
-
Implicit Curve Weights as of December 31, 2018.
-
Probability of default ASUR at December 31, 2018.
 
Airplan
:
 
2017:
 
-
Spot Rate (DTF) at the start date of each of the provisions.
-
Colombian reference rate
 
Level 2 of fair value hierarchy
 
2018:
 
-
Spot Rate (DTF) at the start date of each of the provisions.
-
Colombian reference rate as of December 31, 2018.
-
Probability of default ASUR at December 31, 2018.
 
The participants of this syndicated loan are:
 
 
 
Amount
 
Entity
 
(COP)
 
 
 
 
 
Bancolombia, S. A.
 
$
150,000,000
 
Corpbanca Colombia, S. A.
 
 
102,000,000
 
Banco Davivienda, S. A.
 
 
90,000,000
 
Banco de Bogotá, S. A.
 
 
37,000,000
 
Banco de Occidente, S. A.
 
 
37,000,000
 
Banco Popular, S. A.
 
 
8,000,000
 
Banco AV Villas, S. A.
 
 
8,000,000
 
Servicios Financieros, S. A.
 
 
8,000,000
 
 
 
 
 
 
 
 
$
440,000,000