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CONCESSION ARRANGEMENTS RIGHTS (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure of detailed information about service concession arrangements [abstract] |
Schedule of balance of assets in concession arrangements | The following is the balance of the assets in concession arrangements registered in the Group as of December 31, 2023 and 2022:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023 |  | December 31, 2022
Financial assets at fair value |  | Ps. | 3,830,916 |  | Ps. | 3,507,231
Financial asset at amortized cost net (1) |  |  | 13,981,904 |  | ​ | 12,645,785
Total financial assets in concession arrangements rights (2) | ​ | Ps. | 17,812,820 | ​ | Ps. | 16,153,016
Intangible assets |  |  | 13,557,267 |  | ​ | 13,242,706
Total assets in concession arrangements rights |  | Ps | 31,370,087 |  | Ps. | 29,395,722
(1) | As of December 31, 2023 and 2022, the balance of the financial asset at amortized cost includes an impairment expense of Ps. (223); Ps. (1,220) and Ps. (3,050) respectively, see note 16.1.
(2) | See note 12.1, “Contract assets”.
Schedule of changes in financial assets in concession arrangements | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
​ |  | Gas and Energy | ​ | ​ | ​ | ​ | Infrastructure | ​ | ​ | ​
​ | ​ | At fair value | ​ | At amortized cost | ​ | Total | ​ | At amortized cost |  | Total
Balance as of January 1, 2021 |  | Ps. | 2,958,385 | ​ | Ps. | — | ​ | Ps. | 2,958,385 | ​ | Ps. | 6,769,123 | ​ | Ps. | 9,727,508
Additions or new concession arrangements (1) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 2,613,987 | ​ | ​ | 2,613,987
Collections during the year |  |  | — | ​ |  | — | ​ |  | — | ​ |  | (273,665) | ​ |  | (273,665)
Adjustment to fair value |  |  | 270,095 | ​ |  | — | ​ |  | 270,095 | ​ |  | — | ​ |  | 270,095
Accrued interest |  |  | — | ​ |  | — | ​ |  | — | ​ |  | 746,657 | ​ |  | 746,657
Impairment expense |  |  | — | ​ |  | — | ​ |  | — | ​ |  | (3,050) | ​ |  | (3,050)
Balance as of December 31, 2021 |  | Ps. | 3,228,480 | ​ | Ps. | — | ​ | Ps. | 3,228,480 | ​ | Ps. | 9,853,052 | ​ | Ps. | 13,081,532
Additions or new concession arrangements (1) | ​ | ​ | — | ​ | ​ | 4,575 | ​ | ​ | 4,575 | ​ | ​ | 1,690,450 | ​ | ​ | 1,695,025
Collections during the year |  |  | — | ​ |  | — | ​ |  | — | ​ |  | (732,647) | ​ |  | (732,647)
Adjustment to fair value |  |  | 278,751 | ​ |  | — | ​ |  | 278,751 | ​ |  | — | ​ |  | 278,751
Accrued interest |  |  | — | ​ |  | — | ​ |  | — | ​ |  | 1,831,326 | ​ |  | 1,831,326
Impairment expense | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,220) | ​ | ​ | (1,220)
Effect of movements in exchange rates | ​ | ​ | — | ​ | ​ | 249 | ​ | ​ | 249 | ​ | ​ | — | ​ | ​ | 249
Balance as of December 31, 2022 |  | Ps. | 3,507,231 | ​ | Ps. | 4,824 | ​ | Ps. | 3,512,055 | ​ | Ps. | 12,640,961 | ​ | Ps. | 16,153,016
Additions or new concession arrangements (1) |  |  | — | ​ |  | 118,109 | ​ |  | 118,109 | ​ |  | 877,884 | ​ |  | 995,993
Collections during the year |  |  | — | ​ |  | — | ​ |  | — | ​ |  | (1,144,396) | ​ |  | (1,144,396)
Adjustment to fair value |  |  | 323,685 | ​ |  | — | ​ |  | 323,685 | ​ |  | — | ​ |  | 323,685
Accrued interest |  |  | — | ​ |  | — | ​ |  | — | ​ |  | 1,493,115 | ​ |  | 1,493,115
Impairment expense | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (223) | ​ | ​ | (223)
Effect of movements in exchange rates |  |  | — | ​ |  | (8,370) | ​ |  | (8,370) | ​ |  | — | ​ |  | (8,370)
Balance as of December 31, 2023 |  | Ps. | 3,830,916 | ​ | Ps. | 114,563 | ​ | Ps. | 3,945,479 | ​ | Ps. | 13,867,341 | ​ | Ps. | 17,812,820
(1) | Includes work progress on the Covioriente and Covipacífico concessions; as of December 31, 2023 Ps. 715,573 and Ps. 130,105 respectively; as of December 31, 2022 Ps. 1,043,138 and Ps. 621,988 respectively and as of December 31, 2021 Ps. 1,264,543 and Ps. 1,306,580 respectively.
​
Schedule of movements of the main concession arrangements under intangible assets | The following table shows the movements of the main concession arrangements in Grupo Aval’s subsidiaries under intangible assets during years ended at December 31, 2023, 2022 and 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost |  | Gas and energy | ​ | Infrastructure | ​ | Total
Balance as of January 1, 2021 |  | Ps. | 4,654,890 |  | Ps. | 5,495,855 |  | Ps. | 10,150,745
Additions (1) |  |  | 982,508 |  | ​ | 922,203 |  |  | 1,904,711
Reclassification to / from PPE |  |  | 20,301 |  | ​ | — |  |  | 20,301
Transfer to non-current assets held for sale | ​ | ​ | 2,516 | ​ | ​ | — | ​ | ​ | 2,516
Withdrawals |  |  | (5,104) |  | ​ | — |  |  | (5,104)
Effect of movements in exchange rates | ​ | ​ | 238,721 |  | ​ | — |  |  | 238,721
Balance as of December 31, 2021 |  | Ps. | 5,893,832 |  | Ps. | 6,418,058 |  | Ps. | 12,311,890
Additions (1) |  |  | 809,085 | ​ | ​ | 1,103,283 |  |  | 1,912,368
Reclassification to / from PPE |  |  | 113 | ​ | ​ | — |  |  | 113
Withdrawals |  |  | (11,724) | ​ | ​ | — |  |  | (11,724)
Effect of movements in exchange rates |  |  | 547,529 | ​ | ​ | — |  |  | 547,529
Balance as of December 31, 2022 |  | Ps. | 7,238,835 |  | Ps. | 7,521,341 |  | Ps. | 14,760,176
Additions (1) |  |  | 588,454 | ​ | ​ | 714,489 |  |  | 1,302,943
Reclassification to / from PPE |  |  | 229 | ​ | ​ | 4,041 |  |  | 4,270
Withdrawals |  |  | (6,489) | ​ | ​ | — |  |  | (6,489)
Effect of movements in exchange rates |  |  | (712,856) | ​ | ​ | — |  |  | (712,856)
Balance as of December 31, 2023 |  | Ps. | 7,108,173 |  | Ps. | 8,239,871 |  | Ps. | 15,348,044
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated Amortization |  | Gas and energy | ​ | Infrastructure | ​ | Total
Balance as of January 1, 2021 |  | Ps. | (821,017) |  | Ps. | (136,926) |  | Ps. | (957,943)
Amortization of the year |  |  | (222,894) |  | ​ | (9,921) |  |  | (232,815)
Reclassification to / from PPE | ​ | ​ | 45 | ​ | ​ | — | ​ | ​ | 45
Withdrawals |  |  | 1,236 |  | ​ | — |  |  | 1,236
Effect of movements in exchange rates |  |  | (12,895) |  | ​ | — |  |  | (12,895)
Balance as of December 31, 2021 |  | Ps. | (1,055,525) |  | Ps. | (146,847) |  | Ps. | (1,202,372)
Amortization of the year |  |  | (253,692) | ​ | ​ | (19,016) |  |  | (272,708)
Withdrawals |  |  | 835 | ​ | ​ | — |  |  | 835
Effect of movements in exchange rates |  |  | (30,801) | ​ | ​ | — |  |  | (30,801)
Balance as of December 31, 2022 |  | Ps. | (1,339,183) |  | Ps. | (165,863) |  | Ps. | (1,505,046)
Amortization of the year |  |  | (277,702) | ​ | ​ | (39,385) |  |  | (317,087)
Reclassification to / from PPE | ​ | ​ | — | ​ | ​ | (2,184) | ​ | ​ | (2,184)
Withdrawals |  |  | 289 | ​ | ​ | — |  |  | 289
Effect of movements in exchange rates |  |  | 41,062 | ​ | ​ | — |  |  | 41,062
Balance as of December 31, 2023 |  | Ps. | (1,575,534) |  | Ps. | (207,432) |  | Ps. | (1,782,966)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Impairment loss | ​ | Gas and energy | ​ | Infrastructure | ​ | Total
Balance as of January 1, 2021 | ​ | Ps. | (2,296) | ​ | Ps. | (2,942) | ​ | Ps. | (5,238)
Period impairment charge | ​ | ​ | (4,850) | ​ | ​ | (1,314) | ​ | ​ | (6,164)
Balance as of December 31, 2021 | ​ | Ps. | (7,146) | ​ | Ps. | (4,256) | ​ | Ps. | (11,402)
Period impairment charge | ​ | ​ | (665) | ​ | ​ | (357) | ​ | ​ | (1,022)
Balance as of December 31, 2022 | ​ | Ps. | (7,811) | ​ | Ps. | (4,613) | ​ | Ps. | (12,424)
Period impairment charge | ​ | ​ | — | ​ | ​ | 4,613 | ​ | ​ | 4,613
Balance as of December 31, 2023 | ​ | Ps. | (7,811) | ​ | Ps. | — | ​ | Ps. | (7,811)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Intangible Assets |  | Gas and energy | ​ | Infrastructure | ​ | Total
Balance as of January 1, 2021 |  | Ps. | 3,831,577 |  | Ps. | 5,355,987 |  | Ps. | 9,187,564
Cost |  |  | 1,238,942 |  | ​ | 922,203 |  |  | 2,161,145
Amortization |  |  | (234,508) |  | ​ | (9,921) |  |  | (244,429)
Impairment loss | ​ | ​ | (4,850) | ​ | ​ | (1,314) | ​ | ​ | (6,164)
Balance as of December 31, 2021 (2) |  | Ps. | 4,831,161 |  | Ps. | 6,266,955 |  | Ps. | 11,098,116
Cost |  |  | 1,345,003 |  | ​ | 1,103,283 |  |  | 2,448,286
Amortization |  |  | (283,658) |  | ​ | (19,016) |  |  | (302,674)
Impairment loss | ​ | ​ | (665) | ​ | ​ | (357) | ​ | ​ | (1,022)
Balance as of December 31, 2022 (2) |  | Ps. | 5,891,841 |  | Ps. | 7,350,865 |  | Ps. | 13,242,706
Cost |  |  | (130,662) |  | ​ | 718,530 |  |  | 587,868
Amortization |  |  | (236,351) |  | ​ | (41,569) |  |  | (277,920)
Impairment loss | ​ | ​ | — | ​ | ​ | 4,613 | ​ | ​ | 4,613
Balance as of December 31, 2023 (2) |  | Ps. | 5,524,828 |  | Ps. | 8,032,439 |  | Ps. | 13,557,267
(1) | Gas and Energy, includes borrowing costs capitalized for Ps. 31,672 as of December 31, 2023; Ps. 26,134 as of December 31, 2022 and Ps. 13,856 as of December 31, 2021 with a capitalized interest rate (weighted average) of 12.17%, 8.98% and 5.39% respectively.
(2) | Includes intangible assets derived from concession contracts in construction phase for Infrastructure and Gas and Energy by Ps. 7,833,886 and Ps. 130,936 as of December 31, 2023 respectively; Ps. 7,136,073 and Ps. 193,627 as of December 31, 2022 respectively; and Ps. 6,266,955 and Ps. 669,540 as of December 31, 2021 respectively.
Schedule of main concession contracts granted | The following is a summary of the main concession contracts granted to Grupo Aval’s subsidiaries as of December 31, 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Year of | ​ | ​ | ​ | ​
Concession | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Contract | ​ | construction | ​ | % progress | ​ | Concession
Owner |  | Recognition |  | Business and country |  | Objective |  | Current stage |  | date |  | start |  | of construction |  | end date
Gas and Energy | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Surtigas S.A. E.S.P. | ​ | Fair value / Intangible assets | ​ | Gas and Energy Colombia | ​ | Purchase, storage, packaging and distribution of gases derived from hydrocarbons. | ​ | Operation | ​ | 03/1984 to 04/1994 | ​ | 1984 | ​ | 100 | % | 2034 to 2045
Transmetano E.S.P. S.A. | ​ | Fair value / Intangible assets | ​ | Gas and Energy Colombia | ​ | Construction, operation and maintenance of gas transportation systems. | ​ | Operation | ​ | 08/1994 | ​ | 1996 | ​ | 100 | % | 2044
Promigas S.A. E.S.P. | ​ | Fair value / Intangible assets | ​ | Gas and Energy Colombia | ​ | Purchase, sale, transportation, distribution, exploitation and exploration of natural gas, oil and hydrocarbons in general. | ​ | Operation | ​ | 05/1976 to 11/1994 | ​ | 1976 | ​ | 100 | % | 2026 to 2044
Promioriente S.A. E.S.P. | ​ | Fair value / Intangible assets | ​ | Gas and Energy Colombia | ​ | Construction, operation and maintenance of gas pipelines. | ​ | Operation | ​ | 09/1995 | ​ | 1995 | ​ | 100 | % | 2045
Gases de Occidente S.A. E.S.P. | ​ | Fair value / Intangible assets | ​ | Gas and Energy Colombia | ​ | Transportation and distribution of liquefied petroleum gas and natural gas. | ​ | Operation | ​ | 08/1998 | ​ | 1998 | ​ | 100 | % | 2047
Compañía Energética de Occidente S.A. E.S.P. (1) | ​ | Intangible assets | ​ | Gas and Energy Colombia | ​ | Administrative, operational, technical and commercial management for the provision of electrical energy. | ​ | Operation and maintenance | ​ | 01/2010 | ​ | 2010 | ​ | 100 | % | 2035
Sociedad Portuaria El Cayao S.A. E.S.P. | ​ | Intangible assets | ​ | Gas and Energy Colombia | ​ | Construction, maintenance and administration of ports. | ​ | Operation | ​ | 07/2015 | ​ | 2015 | ​ | 100 | % | 2035
Gases del Pacífico S.A.C. | ​ | Amortized cost / Intangible assets | ​ | Gas and Energy Perú | ​ | Purchase, sale, production, commercialization of energy in any of its forms. | ​ | Operation | ​ | 10/2013 | ​ | 2015 | ​ | 100 | % | 2034
Gases del Norte del Perú S.A.C. | ​ | Amortized cost / Intangible assets | ​ | Gas and Energy Perú | ​ | Construction and distribution service of natural gas. | ​ | Construction and Operation | ​ | 11/2019 | ​ | 2020 | ​ | 85.84 | % | 2051
Infrastructure | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Proyectos de Infraestructura S.A. | ​ | Intangible assets | ​ | Infrastructure Colombia | ​ | Design, construction, equipment, conservation, operation and maintenance of road infrastructure. | ​ | Operation | ​ | 12/1993 | ​ | 1994 | ​ | 100 | % | 2033
Concesiones CCFC S.A.S. | ​ | Intangible assets | ​ | Infrastructure Colombia | ​ | Design, construction, equipment, conservation, operation and maintenance of road infrastructure. | ​ | Operation | ​ | 06/1995 | ​ | 2001 | ​ | 100 | % | 2024
Concesionaria Panamericana S.A.S. | ​ | Amortized cost / Intangible assets | ​ | Infrastructure Colombia | ​ | Design, construction, equipment, conservation, operation and maintenance of road infrastructure. | ​ | Operation | ​ | 12/1997 | ​ | 2009 | ​ | 100 | % | 2035
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Year of | ​ | ​ | ​ | ​
Concession | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Contract | ​ | construction | ​ | % progress | ​ | Concession
Owner |  | Recognition |  | Business and country |  | Objective |  | Current stage |  | date |  | start |  | of construction |  | end date
Concesionaria Vial del Pacífico S.A.S. | ​ | Amortized cost | ​ | Infrastructure Colombia | ​ | Design, construction, equipment, conservation, operation and maintenance of road infrastructure. | ​ | Construction | ​ | 09/2014 | ​ | 2018 | ​ | 95.93 | % | 2043
Concesionaria Nueva Vía del Mar S.A.S. | ​ | Amortized cost | ​ | Infrastructure Colombia | ​ | Design, construction, equipment, conservation, operation and maintenance of road infrastructure. | ​ | Preconstruction | ​ | 01/2015 | ​ | 2024 | ​ | 4.11 | % | 2044
Concesionaria Vial Andina S.A.S. | ​ | Intangible assets | ​ | Infrastructure Colombia | ​ | Design, construction, equipment, conservation, operation and maintenance of road infrastructure. | ​ | Operation and maintenance | ​ | 06/2015 | ​ | 2016 | ​ | 100 | % | 2054
Concesionaria Vial Del Oriente S.A.S. | ​ | Amortized cost | ​ | Infrastructure Colombia | ​ | Design, construction, equipment, conservation, operation and maintenance of road infrastructure. | ​ | Construction | ​ | 07/2015 | ​ | 2018 | ​ | 92.41 | % | 2043
(1) The concession has an investment commitment for the expansion, replacement and improvement of the infrastructure which as of December 2023 has an advance of 54.33%.

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