XML 418 R62.htm IDEA: XBRL DOCUMENT v3.25.1

INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of income tax [abstract]

Schedule components of the income tax expense

​

​	​	​	​	​	​	​	​	​	​
​	​	​	December 31,	​	​	December 31,	​	​	December 31,
​	​	​	2024	​	​	2023	​	​	2022
Current period income tax		Ps.	998,582	​	Ps.	1,017,411	​	Ps.	822,758
Income tax surcharge		​	40,793	​	​	27,627	​	​	15,625
Prior years adjustments	​	​	(12,630)	​	​	(20,491)	​	​	(35,553)
Subtotal current period taxes		Ps.	1,026,745	​	Ps.	1,024,547	​	Ps.	802,830
Adjustment due to settlement of uncertain tax positions from prior years		​	(3,535)	​	​	(772)	​	​	(6,802)
Deferred taxes	​	​	​	​	​	​	​	​	​
Deferred taxes current period		​	(86,336)	​	​	286,824	​	​	1,467,519
Deferred taxes - Prior years adjustments	​	​	9,553	​	​	(165)	​	​	7,857
Subtotal deferred taxes		Ps.	(76,783)	​	Ps.	286,659	​	Ps.	1,475,376
Total income tax		Ps.	946,427	​	Ps.	1,310,434	​	Ps.	2,271,404

Schedule of reconciliation between total expenses of the income tax calculated at the applicable enacted tax rate and the tax expense recognized in the statement of income

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	December 31,	​	​	December 31,	​	​	December 31,
​	​	​	2024	​	​	2023	​	​	2022
Profit before income tax		Ps.	3,137,904		Ps.	3,487,550		Ps.	6,274,371	​
Enacted tax rate in Colombia		​	40	%	​	40	%	​	38	%
Theoretical income tax expense		​	1,255,162	​	​	1,395,020	​	​	2,384,261	​
Nondeductible expenses		​	722,100	​	​	872,723	​	​	465,986	​
Generation (offset) of tax losses considered non recoverable for income tax purpose (1)		​	(140,284)	​	​	71,741	​	​	192,470	​
(Offset) of presumptive income considered non recoverable for income tax purpose		​	(518)	​	​	(23)	​	​	(7,666)	​
Nontaxable dividends		​	(59,381)	​	​	(47,242)	​	​	(40,420)	​
Nontaxable income under equity method in associates		​	(151,358)	​	​	(150,626)	​	​	(141,655)	​
Profit on sales or appraisal of investment		​	(19,997)	​	​	(5,009)	​	​	(439)	​
Nontaxable interest income and other income		​	(113,805)	​	​	(274,758)	​	​	(281,715)	​
Other nontaxable income	​	​	(312,417)	​	​	(182,121)	​	​	(578,592)	​
Non-accountable tax revenues in sale of BHI		​	—	​	​	114,201	​	​	543,879	​
Revenues taxable at different tax rate		​	23,593	​	​	47,139	​	​	9,218	​
Tax benefits in the acquisition of property and equipment		​	(45,247)	​	​	(32,493)	​	​	(34,018)	​
Tax Discounts	​	​	(8,465)	​	​	(25,086)	​	​	(80,804)	​
Profits (losses) in Subsidiaries in tax free countries or with different tax rate (2)		​	(202,994)	​	​	(246,999)	​	​	(188,701)	​
Effect on the deferred income tax due to changes in tax rates (3)		​	59,802	​	​	(176,764)	​	​	56,129	​
Prior year adjustments		​	(12,630)	​	​	(20,491)	​	​	(35,553)	​
Adjustments due to uncertain tax positions in previous year		​	(3,535)	​	​	(772)	​	​	(6,802)	​
Deferred taxes - Prior years adjustments	​	​	9,553	​	​	(165)	​	​	7,857	​
With holding tax	​	​	11,957	​	​	9,479	​	​	654	​
Other		​	(65,109)	​	​	(37,320)	​	​	7,315	​
Total tax expense of the year		Ps.	946,427	​	Ps.	1,310,434	​	Ps.	2,271,404	​
Effective income tax rate		​	30.16	%	​	37.57	%	​	36.20	%

⁽¹⁾    Corficolombiana and its subsidiaries used tax losses on which no deferred tax asset was recorded for Ps. (140,284) in 2024 and recorded new tax losses for Ps. 71,741 in 2023 and 192,470 in 2022. These tax loss carryforwards are not deferred tax assets because there is no certainty of their recoverability in the future.

⁽²⁾    The variation is explained because Corficolombiana consolidates companies of the real sector that are taxed at the 35% rate (no income surtax is applied), companies that have stabilized the income rate at 33% due to the validity of a legal stability contract, companies resident in Peru that are taxed at 29.5% and companies that apply special regimes such as free trade zones and hotel income. The variation is also explained by the fact that Banco Occidente consolidates its subsidiaries Nexa and Barbados at different tax rates.

⁽³⁾    In 2023 corresponds to the effect of the difference between the rate applied in the calculation of the deferred tax and the statutory rate for the period. The greatest impact is mainly recorded by Corficolombiana with Ps. (87,085), explained by the recalculation of the deferred tax liability of the concessions, Banco Popular for Ps. (57,700), explained by the calculation of the deferred tax at the 35% rate, Banco Occidente for Ps. (36,523), explained by the differences in rates of its subsidiaries Nexa and Barbados and other entities for Ps 4,544.

Schedule of tax loss carry forward and excess of presumptive income over taxable income of the entities which are not recognized as deferred tax assets

​

​	​	​	​	​	​	​
​	​	​	December 31,	​	​	December 31,
​	​	​	2024	​	​	2023
Tax loss carry forwards expiring on:		​	​	​	​	​
December 31, 2024	​	​	—	​	​	4,902
December 31, 2025		​	2,075	​	​	2,179
December 31, 2026		​	5,715	​	​	5,908
December 31, 2027	​	​	1,290	​	​	—
December 31, 2029		​	66,673	​	​	173,448
December 31, 2030	​	​	274,281	​	​	289,982
December 31, 2031	​	​	213,111	​	​	248,444
December 31, 2032		​	1,066	​	​	169,572
December 31, 2033	​	​	9,962	​	​	37,969
December 31, 2034	​	​	236,661	​	​	262,578
December 31, 2035	​	​	343,339	​	​	383,897
December 31, 2036	​	​	27,314	​	​	—
Without expiration date		​	427,839	​	​	414,318
Subtotal		Ps.	1,609,326	​	Ps.	1,993,197
​	​	​	​	​	​	​
Excess of presumptive income expiring on:		​	​	​	​	​
December 31, 2024		​	—	​	​	26,883
December 31, 2025		​	484	​	​	7,642
Subtotal		Ps.	484	​	Ps.	34,525
Total		Ps.	1,609,810	​	Ps.	2,027,722

​

Schedule of carrying value of the assets and liabilities and their tax bases give rise to the following temporary differences which result in deferred taxes

​

Year ended on December 31, 2024

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Balance as of		​	Credited		​	Credited		​	Foreign exchange		​	Balance as of
​	​	January 1,		​	(charged) to		​	(charged) to		​	adjustments		​	December 31,
​	​	2024		​	profit or loss		​	OCI		​	​		​	2024
Deferred tax assets		​	​		​	​		​	​		​	​		​	​
Debt securities at fair value		Ps.	271,644	​	Ps.	83,897	​	Ps.	13,297	​	Ps.	8,252	​	Ps.	377,090
Equity securities		​	1,410		​	437		​	35		​	—		​	1,882
Derivative instruments		​	1,139,921		​	(510,077)		​	33,956		​	1,756		​	665,556
Accounts receivable	​	​	90,066	​	​	(53,153)	​	​	—	​	​	—	​	​	36,913
Allowance for accounts receivable		​	9,847		​	9,689		​	—		​	167		​	19,703
Loans and receivables		​	4,570		​	113,017		​	—		​	—		​	117,587
Allowance for impairment on loans and receivables		​	219,275		​	11,173		​	—		​	25,256		​	255,704
Allowance for foreclosed assets		​	4,480		​	559		​	—		​	(276)		​	4,763
Property, plant and equipment costs		​	470,487		​	57,088		​	—		​	1,682		​	529,257
Depreciation of property, plant and equipment		​	23,510		​	7,920		​	—		​	13		​	31,443
Other intangible assets		​	299,433		​	3,927		​	—		​	(1,449)		​	301,911
Tax losses carry forward		​	1,055,380		​	186,664		​	—		​	(986)		​	1,241,058
Surplus of presumptive income		​	2,306		​	(1,688)		​	—		​	—		​	618
Provisions		​	335,594		​	260		​	—		​	—		​	335,854
Employee benefits		​	61,705		​	(300)		​	3,532		​	8,507		​	73,444
Intangible assets in concession contracts	​	​	1,242,841	​	​	285,849	​	​	—	​	​	—	​	​	1,528,690
Biological assets	​	​	150	​	​	(92)	​	​	—	​	​	—	​	​	58
Lease agreements	​	​	619,451	​	​	137,479	​	​	—	​	​	(72,342)	​	​	684,588
Foreign currency bonds	​	​	527,394	​	​	194,964	​	​	182,925	​	​	—	​	​	905,283
Foreign currency financial liabilities	​	​	—	​	​	22,851	​	​	25,402	​	​	—	​	​	48,253
Other		​	263,357		​	104,146		​	226	​	​	344		​	368,073
Subtotal		Ps.	6,642,821		Ps.	654,610		Ps.	259,373		Ps.	(29,076)		Ps.	7,527,728
​		​	​		​	​		​	​		​	​		​	​
Deferred tax liabilities	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Debt securities at fair value		Ps.	(14,510)		Ps.	3,311	​	Ps.	4,016	​	Ps.	(3,443)		Ps.	(10,626)
Equity securities		​	(202,181)	​	​	(1,464)	​	​	6,176	​	​	(4,540)	​	​	(202,009)
Derivative instruments		​	(655,317)		​	19,262	​	​	(23,441)	​	​	(1,757)		​	(661,253)
Accounts receivable	​	​	(32,329)	​	​	(1,156)	​	​	—	​	​	—	​	​	(33,485)
Allowance of investments securities		​	(422)		​	(66)	​	​	—	​	​	—		​	(488)
Loans and receivables	​	​	(24,833)	​	​	(11,584)	​	​	—	​	​	—	​	​	(36,417)
Allowance for impairment on loans and receivables		​	(656,156)		​	24,028	​	​	—	​	​	(8,277)		​	(640,405)
Foreclosed assets		​	(49,526)		​	6,583	​	​	—	​	​	—		​	(42,943)
Property plant and equipment costs		​	(226,618)		​	(38,081)	​	​	75	​	​	(3,584)		​	(268,208)
Depreciation of property, plant and equipment		​	(489,096)		​	(88,955)	​	​	—	​	​	3,510		​	(574,541)
Investment property		​	(46,134)		​	(5,318)	​	​	(6,774)	​	​	(81)		​	(58,307)
Right-of-use		​	(276,424)		​	(489,048)	​	​	—	​	​	63,677		​	(701,795)
Deferred charges and of intangible assets		​	(417,780)		​	17,449	​	​	—	​	​	(6,623)		​	(406,954)
Provisions		​	(3,660)		​	372	​	​	—	​	​	(234)		​	(3,522)
Employee benefits	​	​	(447)	​	​	(1,852)	​	​	1,351	​	​	(122)	​	​	(1,070)
Goodwill	​	​	(326,661)	​	​	—	​	​	—	​	​	—	​	​	(326,661)
Deferred Income	​	​	(1,308,952)	​	​	(307,484)	​	​	—	​	​	—	​	​	(1,616,436)
Financial assets in concession arrangements	​	​	(204,636)	​	​	(10,103)	​	​	—	​	​	—	​	​	(214,739)
Intangible assets in concession arrangements	​	​	(5,175,297)		​	(256,684)	​	​	—	​	​	(33,478)	​	​	(5,465,459)
Biological assets		​	(68,751)		​	7,554	​	​	—	​	​	—		​	(61,197)
Lease agreements	​	​	(381,618)	​	​	375,745	​	​	—	​	​	—	​	​	(5,873)
Foreign currency financial liabilities	​	​	(267,090)	​	​	233,056	​	​	—	​	​	—	​	​	(34,034)
Other		​	(80,111)		​	(53,392)	​	​	(14,585)	​	​	(1,481)		​	(149,569)
Subtotal		Ps.	(10,908,549)		Ps.	(577,827)		Ps.	(33,182)		Ps.	3,567		Ps.	(11,515,991)
Total		Ps.	(4,265,728)		Ps.	76,783		Ps.	226,191		Ps.	(25,509)		Ps.	(3,988,263)

​

​

Year ended on December 31, 2023

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	Balance as of	​	​	Credited	​	​	Credited	​	​	Foreign		​	Balance as of
​	​	​	January 1,	​	​	(charged) to	​	​	(charged) to	​	​	exchange		​	December 31,
​	​	​	2023	​	​	profit or loss	​	​	OCI	​	​	adjustments		​	2023
Deferred tax assets	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Debt securities at fair value		Ps.	857,505	​	Ps.	(64,839)	​	Ps.	(520,770)	​	Ps.	(252)	​	Ps.	271,644
Equity securities		​	165		​	1,245		​	—		​	—		​	1,410
Derivative instruments		​	452,394		​	674,733		​	9,793		​	3,001		​	1,139,921
Allowance of investments securities		​	1,468		​	(1,468)		​	—		​	—		​	—
Accounts receivable	​	​	258,765	​	​	(168,647)	​	​	—	​	​	(52)	​	​	90,066
Allowance for accounts receivable		​	80,839		​	(71,334)		​	—		​	342		​	9,847
Loans and receivables		​	905		​	3,674		​	—		​	(9)		​	4,570
Allowance for impairment on loans and receivables		​	292,841		​	(33,103)		​	—		​	(40,463)		​	219,275
Allowance for foreclosed assets		​	8,750		​	(3,216)		​	—		​	(1,054)		​	4,480
Property, plant and equipment costs		​	349,485		​	121,098		​	—		​	(96)		​	470,487
Depreciation of property, plant and equipment		​	18,018		​	(39,387)		​	—		​	44,879		​	23,510
Investment property		​	31,061		​	(31,061)		​	—		​	—		​	—
Other intangible assets		​	237,436		​	61,968		​	—		​	29		​	299,433
Tax losses carry forward		​	272,020		​	778,311		​	—		​	5,049		​	1,055,380
Surplus of presumptive income		​	18,350		​	(16,044)		​	—		​	—		​	2,306
Provisions		​	326,889		​	23,237		​	—		​	(14,532)		​	335,594
Employee benefits		​	73,732		​	(25,676)		​	14,386		​	(737)		​	61,705
Intangible assets in concession contracts	​	​	1,585,925	​	​	(333,025)	​	​	—	​	​	(10,059)	​	​	1,242,841
Biological assets	​	​	167	​	​	(17)	​	​	—	​	​	—	​	​	150
Lease agreements	​	​	619,032	​	​	16,044	​	​	—	​	​	(15,625)	​	​	619,451
Foreign currency bonds	​	​	1,421,540	​	​	(620,538)	​	​	(273,608)	​	​	—	​	​	527,394
Foreign currency financial liabilities	​	​	365,565	​	​	(365,565)	​	​	—	​	​	—	​	​	—
Other		​	396,367		​	(71,664)		​	(89,171)	​	​	27,825		​	263,357
Subtotal	​	Ps.	7,669,219	​	Ps.	(165,274)		Ps.	(859,370)		Ps.	(1,754)		Ps.	6,642,821
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Deferred tax liabilities	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Debt securities at fair value		Ps.	(3,568)		Ps.	(5,673)	​	Ps.	(5,346)	​	Ps.	77		Ps.	(14,510)
Equity securities		​	(172,559)	​	​	(32,989)	​	​	3,542	​	​	(175)	​	​	(202,181)
Derivative instruments		​	(663,726)		​	8,847	​	​	—	​	​	(438)		​	(655,317)
Accounts receivable	​	​	(257,754)	​	​	225,450	​	​	—	​	​	(25)	​	​	(32,329)
Allowance of investments securities		​	(2,577)		​	2,155	​	​	—	​	​	—		​	(422)
Loans and receivables	​	​	(37,469)	​	​	12,636	​	​	—	​	​	—	​	​	(24,833)
Allowance for impairment on loans and receivables		​	(700,024)		​	29,937	​	​	—	​	​	13,931		​	(656,156)
Foreclosed assets		​	(75,396)		​	25,870	​	​	—	​	​	—		​	(49,526)
Property plant and equipment costs		​	(234,385)		​	4,968	​	​	1,051	​	​	1,748		​	(226,618)
Depreciation of property, plant and equipment		​	(462,695)		​	(27,481)	​	​	—	​	​	1,080		​	(489,096)
Investment property		​	(97,608)		​	51,362	​	​	—	​	​	112		​	(46,134)
Right-of-use		​	(314,062)		​	35,513	​	​	—	​	​	2,125		​	(276,424)
Deferred charges and of intangible assets		​	(326,052)		​	(94,613)	​	​	—	​	​	2,885		​	(417,780)
Provisions		​	(3,474)		​	(619)	​	​	—	​	​	433		​	(3,660)
Employee benefits	​	​	(24,321)	​	​	23,050	​	​	710	​	​	114	​	​	(447)
Goodwill	​	​	(326,661)	​	​	—	​	​	—	​	​	—	​	​	(326,661)
Deferred Income	​	​	(1,027,577)	​	​	(281,375)	​	​	—	​	​	—	​	​	(1,308,952)
Financial assets in concession arrangements	​	​	(197,679)	​	​	(6,957)	​	​	—	​	​	—	​	​	(204,636)
Intangible assets in concession arrangements	​	​	(5,348,922)		​	140,818	​	​	—	​	​	32,807	​	​	(5,175,297)
Biological assets		​	(63,378)		​	(5,373)	​	​	—	​	​	—		​	(68,751)
Lease agreements	​	​	(346,541)	​	​	(35,077)	​	​	—	​	​	—	​	​	(381,618)
Foreign currency financial liabilities	​	​	—	​	​	(312,319)	​	​	45,229	​	​	—	​	​	(267,090)
Other		​	(194,243)		​	120,485	​	​	33	​	​	(6,386)		​	(80,111)
Subtotal	​	Ps.	(10,880,671)	​	Ps.	(121,385)	​	Ps.	45,219	​	Ps.	48,288	​	Ps.	(10,908,549)
Total	​	Ps.	(3,211,452)	​	Ps.	(286,659)	​	Ps.	(814,151)	​	Ps.	46,534	​	Ps.	(4,265,728)

​

​

Year ended on December 31, 2022

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance as of

​

​

​

​

​

​

​

​

Credited

​

​

Credited

​

​

Foreign

​

Balance as of

​

​

​

January 1,

​

​

Loss of control

​

​

Discontinued

​

​

(charged) to

​

​

(charged) to

​

​

exchange

​

December 31,

​

​

​

2022

​

​

in a Subsidiary (1)

​

​

operations (1)

​

​

profit or loss

​

​

OCI

​

​

adjustments

​

2022

Deferred tax assets

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Debt securities at fair value

Ps.

385,338

​

Ps.

(73,729)

​

Ps.

6,567

​

Ps.

4,195

​

Ps.

537,052

​

Ps.

(1,918)

​

Ps.

857,505

Equity securities

​

1,028

​

—

​

​

—

​

​

(4,371)

​

3,508

​

—

​

165

Derivative instruments

​

699,311

​

818,130

​

​

—

​

​

(296,033)

​

(768,615)

​

(399)

​

452,394

Allowance of investments securities

​

1,155

​

—

​

​

—

​

​

313

​

—

​

—

​

1,468

Accounts receivable

​

​

146,496

​

​

—

​

​

—

​

​

111,687

​

​

—

​

​

582

​

​

258,765

Allowance for accounts receivable

​

59,604

​

—

​

​

—

​

​

20,489

​

—

​

746

​

80,839

Loans and receivables

​

1,157

​

—

​

​

—

​

​

(252)

​

—

​

—

​

905

Allowance for impairment on loans and receivables

​

562,730

​

(303,273)

​

​

2,425

​

​

(3,091)

​

18,952

​

15,098

​

292,841

Allowance for foreclosed assets

​

21,082

​

(13,173)

​

​

556

​

​

(170)

​

—

​

455

​

8,750

Property, plant and equipment costs

​

339,049

​

—

​

​

—

​

​

(30,500)

​

—

​

40,936

​

349,485

Depreciation of property, plant and equipment

​

34,614

​

—

​

​

—

​

​

(16,022)

​

—

​

(574)

​

18,018

Investment property

​

30,021

​

—

​

​

—

​

​

1,323

​

(283)

​

—

​

31,061

Other intangible assets

​

243,170

​

—

​

​

—

​

​

(5,734)

​

—

​

—

​

237,436

Tax losses carry forward

​

117,025

​

—

​

​

—

​

​

142,435

​

—

​

12,560

​

272,020

Surplus of presumptive income

​

4,351

​

—

​

​

—

​

​

13,876

​

—

​

123

​

18,350

Provisions

​

324,063

​

(28,108)

​

​

(1,779)

​

​

32,570

​

—

​

143

​

326,889

Employee benefits

​

102,662

​

(11,440)

​

​

(1,736)

​

​

15,523

​

(29,818)

​

(1,459)

​

73,732

Intangible assets in concession contracts

​

​

1,368,490

​

​

—

​

​

—

​

​

217,435

​

​

—

​

​

—

​

​

1,585,925

Biological assets

​

​

101

​

​

—

​

​

—

​

​

66

​

​

—

​

​

—

​

​

167

Lease agreements

​

​

693,388

​

​

(151,767)

​

​

(2,301)

​

​

83,544

​

​

—

​

​

(3,832)

​

​

619,032

Foreign currency bonds

​

​

720,109

​

​

1,005,896

​

​

—

​

​

378,971

​

​

(683,436)

​

​

—

​

​

1,421,540

Foreign currency financial liabilities

​

​

83,072

​

​

—

​

​

—

​

​

282,493

​

​

—

​

​

—

​

​

365,565

Other

​

233,775

​

—

​

​

—

​

​

137,533

​

21,482

​

​

3,577

​

396,367

Subtotal

Ps.

6,171,791

Ps.

1,242,536

​

Ps.

3,732

​

Ps.

1,086,280

​

Ps.

(901,158)

​

Ps.

66,038

​

Ps.

7,669,219

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Deferred tax liabilities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Debt securities at fair value

Ps.

(73,895)

Ps.

103,081

​

Ps.

(7,060)

​

Ps.

(24,749)

​

Ps.

22

​

Ps.

(967)

Ps.

(3,568)

Equity securities

​

(253,422)

​

​

135,876

​

​

5,910

​

​

(26,573)

​

​

(42,746)

​

​

8,396

​

​

(172,559)

Derivative instruments

​

​

(32,668)

​

—

​

​

—

​

​

(631,300)

​

​

286

​

​

(44)

​

(663,726)

Accounts receivable

​

(177,642)

​

​

—

​

​

—

​

​

(80,114)

​

​

—

​

​

2

​

​

(257,754)

Allowance of investments securities

​

(1,421)

​

—

​

​

(7,772)

​

​

6,616

​

​

—

​

​

—

​

(2,577)

Loans and receivables

​

​

(29,531)

​

​

—

​

​

—

​

​

(7,938)

​

​

—

​

​

—

​

​

(37,469)

Allowance for impairment on loans and receivables

​

(612,925)

​

112,665

​

​

—

​

​

(199,764)

​

​

—

​

​

—

​

(700,024)

Foreclosed assets

​

(65,167)

​

—

​

​

—

​

​

(10,229)

​

​

—

​

​

—

​

(75,396)

Provision for foreclosed assets

​

(16,521)

​

12,817

​

​

2,619

​

​

1

​

​

—

​

​

1,084

​

—

Property plant and equipment costs

​

(283,593)

​

60,039

​

​

1,942

​

​

(10,472)

​

​

—

​

​

(2,301)

​

(234,385)

Depreciation of property, plant and equipment

​

(410,226)

​

—

​

​

—

​

​

(49,811)

​

​

—

​

​

(2,658)

​

(462,695)

Investment property

​

(96,342)

​

—

​

​

—

​

​

(330)

​

​

(863)

​

​

(73)

​

(97,608)

Right-of-use

​

(437,169)

​

133,232

​

​

1,586

​

​

(19,367)

​

​

—

​

​

7,656

​

(314,062)

Deferred charges and of intangible assets

​

(320,906)

​

315

​

​

(3)

​

​

(1,838)

​

​

—

​

​

(3,620)

​

(326,052)

Provisions

​

(16,542)

​

11,252

​

​

1,231

​

​

1,315

​

​

—

​

​

(730)

​

(3,474)

Employee benefits

​

(41,367)

​

​

39,124

​

​

(1,578)

​

​

(22,395)

​

​

(550)

​

​

2,445

​

​

(24,321)

Goodwill

​

(327,070)

​

​

—

​

​

—

​

​

409

​

​

—

​

​

—

​

​

(326,661)

Deferred Income

​

​

(917,159)

​

​

—

​

​

—

​

​

(110,418)

​

​

—

​

​

—

​

​

(1,027,577)

Financial assets in concession arrangements

​

​

(175,332)

​

​

—

​

​

—

​

​

31,036

​

​

—

​

​

(53,383)

​

​

(197,679)

Intangible assets in concession arrangements

​

​

(3,994,977)

​

—

​

​

—

​

​

(1,292,165)

​

​

—

​

​

(61,780)

​

​

(5,348,922)

Biological assets

​

​

(45,827)

​

—

​

​

—

​

​

(17,551)

​

​

—

​

​

—

​

(63,378)

Lease agreements

​

​

(317,539)

​

​

—

​

​

—

​

​

(28,992)

​

​

—

​

​

(10)

​

​

(346,541)

Other

​

(91,651)

​

(26,045)

​

​

(3,680)

​

​

(67,027)

​

​

(10,521)

​

​

4,681

​

(194,243)

Subtotal

Ps.

(8,738,892)

Ps.

582,356

​

Ps.

(6,805)

​

Ps.

(2,561,656)

Ps.

(54,372)

Ps.

(101,302)

​

Ps.

(10,880,671)

Total

Ps.

(2,567,101)

Ps.

1,824,892

​

Ps.

(3,073)

​

Ps.

(1,475,376)

Ps.

(955,530)

Ps.

(35,264)

​

Ps.

(3,211,452)

​

(1) See note 1.1 “Discontinued operations of BAC Holding”.

​

Schedule of offsets deferred tax assets and liabilities by entity and tax authority

​

​	​	​	​	​	​	​	​	​	​
​	​	Gross Deferred tax		​	​	​	​	​	Balances on Statement
December 31, 2024	​	amounts		​	Offset		​	​	of financial position
Deferred tax asset		Ps.	7,527,728	​	Ps.	(5,899,527)	​	Ps.	1,628,201
Deferred tax liability		​	(11,515,991)	​	​	5,899,527		​	(5,616,464)
Net		Ps.	(3,988,263)	​	Ps.	—		Ps.	(3,988,263)

​

​	​	​	​	​	​	​	​	​	​
​	​	Gross Deferred tax		​	​	​	​	​	Balances on Statement
December 31, 2023	​	amounts		​	Offset		​	​	of financial position
Deferred tax asset		Ps.	6,642,821	​	Ps.	(5,361,909)	​	Ps.	1,280,912
Deferred tax liability		​	(10,908,549)	​	​	5,361,909		​	(5,546,640)
Net		Ps.	(4,265,728)	​	Ps.	—		Ps.	(4,265,728)

​

Grupo Aval estimates to recover its income tax assets and settle its income tax liabilities as shown below:

​

​	​	​	​	​	​	​
Deferred tax	​	​	December 31, 2024	​	​	December 31, 2023
Deferred tax asset recoverable before 12 months	​	Ps.	1,238,172	​	Ps.	1,720,235
Deferred tax asset recoverable after 12 months	​	​	6,289,556	​	​	4,922,586
Total Deferred tax asset	​	Ps.	7,527,728	​	Ps.	6,642,821
​	​	​	​	​	​	​
Deferred tax liability to settle before 12 months	​	Ps.	(1,082,965)	​	Ps.	(999,487)
Deferred tax liability to settle after 12 months	​	​	(10,433,026)	​	​	(9,909,062)
Total Deferred tax liability	​	Ps.	(11,515,991)	​	Ps.	(10,908,549)
​	​	​	​	​	​	​
Total Deferred tax Net	​	Ps.	(3,988,263)	​	Ps.	(4,265,728)

​

Grupo Aval estimates to recover current tax assets and current tax liabilities as follows:

​

​	​	​	​	​	​	​
Current tax	​	​	December 31, 2024	​	​	December 31, 2023
Current tax asset recoverable before 12 months	​	Ps.	2,362,257	​	Ps.	2,388,441
Current tax asset recoverable after 12 months	​	​	787,645	​	​	208,396
Total Current tax asset	​	Ps.	3,149,902	​	Ps.	2,596,837
​	​	​	​	​	​	​
Current tax liability to settle before 12 months	​	Ps.	(247,502)	​	Ps.	(268,347)
Current tax liability to settle after 12 months	​	​	—	​	​	—
Total Current tax liability	​	Ps.	(247,502)	​	Ps.	(268,347)

​

Schedule effects of the current and deferred taxes in each component of other comprehensive income

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2024

​

​

​

​

​

Current

​

Deferred

​

​

​

​

​

​

​

​

tax

​

tax

​

​

​

​

​

Amount

​

(expense)

​

(expense)

​

​

​

Items that will be reclassified to profit or loss

​

before taxes

​

Income

​

income

​

​

Net (1)

Hedged Items (2)

​

Ps.

514,713

​

Ps.

—

​

Ps.

(1,988)

​

Ps.

512,725

Hedging non-derivative instrument

​

​

(500,007)

​

​

—

​

​

176,097

​

​

(323,910)

Cash Flow hedging (3)

​

55,081

​

​

—

​

​

45,697

​

​

100,778

Foreign currency translation differences for foreign operations

​

247,019

​

​

—

​

​

(17,298)

​

​

229,721

Debt financial instruments

​

​

(112,692)

​

​

—

​

​

36,715

​

​

(75,977)

Investment in associates and join ventures

​

15,329

​

​

—

​

​

(548)

​

​

14,781

Subtotal Items that will be reclassified to profit or loss

​

Ps.

219,443

​

Ps.

—

​

Ps.

238,675

​

Ps.

458,118

​

​

​

​

​

​

​

​

​

​

​

​

​

Items that will not be reclassified to profit or loss

​

​

​

​

​

​

​

​

​

​

​

​

Transfer from owner-occupied property to investment property

​

Ps.

16,741

​

Ps.

—

​

Ps.

(6,699)

​

Ps.

10,042

Unrealized gains (losses) on equity securities

​

301,497

​

​

—

​

​

(10,668)

​

​

290,829

Actuarial gains (losses) from defined benefit pension plans

​

(17,739)

​

​

—

​

​

4,883

​

​

(12,856)

Subtotal Items that will not be reclassified to profit or loss

​

Ps.

300,499

​

Ps.

—

​

Ps.

(12,484)

​

Ps.

288,015

Total “other comprehensive income” during the period

Ps.

519,942

​

Ps.

—

​

Ps.

226,191

​

Ps.

746,133

​

⁽¹⁾ See Note 25.5 "Consolidated Other Comprehensive Income (OCI)"

⁽²⁾ The tax effect only includes deferred tax on those investments where there is no control of the reversal of the temporary difference

⁽³⁾ See note 10.2 "Cash flow hedges". The effect of changes in the fair value of the account receivable of Ps. 184,902 which is part of the tax basis is not deferred tax.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2023

​

​

​

​

​

Current

​

Deferred

​

​

​

​

​

​

​

​

tax

​

tax

​

​

​

​

​

Amount

​

(expense)

​

(expense)

​

​

​

Items that will be reclassified to profit or loss

​

before taxes

​

Income

​

income

​

Net (1)

Hedged Items (2)

​

Ps.

(797,514)

​

Ps.

—

​

Ps.

3,972

​

Ps.

(793,542)

Hedging derivatives in foreign currency

​

​

—

​

​

919

​

​

(2,930)

​

​

(2,011)

Hedging non-derivative instrument

​

​

760,997

​

​

—

​

​

(266,321)

​

​

494,676

Cash Flow hedging (3)

​

(35,923)

​

​

—

​

​

(83,357)

​

​

(119,280)

Foreign currency translation differences for foreign operations

​

(409,671)

​

​

—

​

​

44,884

​

​

(364,787)

Debt financial instruments

​

​

1,795,666

​

​

—

​

​

(517,560)

​

​

1,278,106

Investment in associates and join ventures

​

(35,892)

​

​

—

​

​

1,660

​

​

(34,232)

Subtotal Items that will be reclassified to profit or loss

​

Ps.

1,277,663

​

Ps.

919

​

Ps.

(819,652)

​

Ps.

458,930

​

​

​

​

​

​

​

​

​

​

​

​

​

Items that will not be reclassified to profit or loss

​

​

​

​

​

​

​

​

​

​

​

​

Transfer from owner-occupied property to investment property

​

Ps.

(1,963)

​

Ps.

—

​

Ps.

1,051

​

Ps.

(912)

Unrealized gains (losses) on equity securities

​

156,383

​

​

—

​

​

(10,646)

​

​

145,737

Actuarial gains (losses) from defined benefit pension plans

​

(56,324)

​

​

—

​

​

15,096

​

​

(41,228)

Subtotal Items that will not be reclassified to profit or loss

​

Ps.

98,096

​

Ps.

—

​

Ps.

5,501

​

Ps.

103,597

Total “other comprehensive income” during the period

Ps.

1,375,759

​

Ps.

919

​

Ps.

(814,151)

​

Ps.

562,527

⁽¹⁾ See Note 25.5 "Consolidated Other Comprehensive Income (OCI)"

⁽²⁾ The tax effect only includes deferred tax on those investments where there is no control of the reversal of the temporary difference

⁽³⁾ See note 10.2 "Cash flow hedges". The effect of changes in the fair value of the account receivable of Ps. (258,982) which is part of the tax basis is not deferred tax.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2022

​

​

​

​

​

Current

​

Deferred

​

​

​

​

​

​

​

tax

​

tax

​

​

​

​

​

Amount

​

(expense)

​

(expense)

​

​

​

Items that will be reclassified to profit or loss

​

before taxes

​

Income

​

income

​

Net (1)

Hedged Items (2)

Ps.

(6,675,329)

​

Ps.

—

​

Ps.

(3,264)

​

Ps.

(6,678,593)

Hedging derivatives in foreign currency

​

4,051,499

​

​

(700,522)

​

​

(818,130)

​

​

2,532,847

Hedging non-derivative instrument

​

2,549,821

​

​

(337,996)

​

​

(586,846)

​

​

1,624,979

Cash Flow hedging

​

(2,396)

​

​

—

​

​

2,543

​

​

147

Foreign currency translation differences for foreign operations

​

1,356,213

​

​

—

​

​

(24,593)

​

​

1,331,620

Debt financial instruments

​

​

(2,187,495)

​

​

—

​

​

545,791

​

​

(1,641,704)

Investment in associates and joint ventures

​

81,730

​

​

—

​

​

(3,054)

​

​

78,676

Subtotal Items that will be reclassified to profit or loss

​

Ps.

(825,957)

​

Ps.

(1,038,518)

​

Ps.

(887,553)

​

Ps.

(2,752,028)

​

​

​

​

​

​

​

​

​

​

​

​

​

Items that will not be reclassified to profit or loss

​

​

​

​

​

​

​

​

​

​

​

​

Transfer from owner-occupied property to investment property

​

Ps.

461

​

Ps.

—

​

Ps.

(1,146)

​

Ps.

(685)

Unrealized gains (losses) on equity financial securities

​

(439,150)

​

​

—

​

​

(36,462)

​

​

(475,612)

Actuarial gains (losses) from defined benefit pension plans

​

95,819

​

​

—

​

​

(30,369)

​

​

65,450

Subtotal Items that will not be reclassified to profit or loss

​

Ps.

(342,870)

​

Ps.

—

​

Ps.

(67,977)

​

Ps.

(410,847)

Total “other comprehensive income” during the period

Ps.

(1,168,827)

​

Ps.

(1,038,518)

Ps.

(955,530)

​

Ps.

(3,162,875)

⁽¹⁾ See Note 25.5 "Consolidated Other Comprehensive Income (OCI)"

⁽²⁾ The tax effect only includes deferred tax on those investments where there is no control of the reversal of the temporary difference

X

- Definition

The disclosure of detailed information about the effects of the current and deferred income taxes in each component of Other Comprehensive Income.

+ References

No definition available.

+ Details

Name:	aval_DisclosureOfDetailedInformationAboutEffectsOfCurrentAndDeferredIncomeTaxesInEachComponentOfOtherComprehensiveIncomeTextBlock
Namespace Prefix:	aval_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	aval_DisclosureOfIncomeTaxAbstract
Namespace Prefix:	aval_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure of components of income tax expenses.

+ References

No definition available.

+ Details

Name:	aval_MajorComponentsOfIncomeTaxExpensesTextBlock
Namespace Prefix:	aval_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of reconciliation of effective income tax.

+ References

No definition available.

+ Details

Name:	aval_ReconciliationBetweenEffectiveIncomeTaxExplanatoryTextBlock
Namespace Prefix:	aval_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The tax Loss Carry Forward In Excess of Minimum Presumptive Income Explanatory

+ References

No definition available.

+ Details

Name:	aval_TaxLossCarryForwardInExcessOfMinimumPresumptiveIncomeExplanatoryTextBlock
Namespace Prefix:	aval_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2024-01-01
-Paragraph 10
-Subparagraph e
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfDeferredTaxesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 12
-IssueDate 2024-01-01
-Paragraph 81
-Subparagraph g
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=12&code=ifrs-tx-2024-en-r&anchor=para_81_g&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration