BANCOLOMBIA SA | CIK:0001071371 | 3

  • Filed: 4/30/2018
  • Entity registrant name: BANCOLOMBIA SA (CIK: 0001071371)
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  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1071371/000114420418023396/0001144204-18-023396-index.htm
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    • ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory

    NOTE 24. OPERATING INCOME AND OPERATING EXPENSES
     
    24.1 Interest and valuation on investment
     
    The following table sets forth the detail of interest and valuation on financial asset instruments for the years ended December 31, 2017, 2016 and 2015:
     
     
     2017
     2016
     2015
     
    In millions of COP
    Debt investments, net
    159,890
    163,311
    71,091
    Net gains from investment activities at fair value through income statement
     
     
     
    Debt investments
    699,841
    579,403
    294,979
    Derivatives
    (61,667)
    (4,750)
    31,835
    Spot transactions
    3,517
    (22,831)
    (48,961)
    Repos
    (116,268)
    (7,638)
    (50,081)
    Others
    -
    -
    2,977
    Total net gains from investment activities at fair value through profit and loss
    525,423
    544,184
    230,749
    Total Interest on investment securities
    685,313
    707,495
    301,840
     
    24.2. Interest expenses
     
    The following table sets forth the detail of interest on financial liability instruments for the years ended December 31, 2017, 2016 and 2015:
     
     
     2017
     2016
     2015
     
    In millions of COP
    Deposits
    (4,279,316)
    (3,878,528)
    (2,415,187)
    Debt securities in issue
    (1,191,000)
    (1,335,192)
    (1,057,748)
    Financial borrowings
    (672,472)
    (723,385)
    (454,326)
    Preferred shares
    (58,714)
    (58,714)
    (58,714)
    Borrowings from other financial institutions
    (15,860)
    (6,345)
    (6,836)
    Other interest
    (15,624)
    (50,936)
    (45,130)
    Interest expenses
    (6,232,986)
    (6,053,100)
    (4,037,941)
     
    Net interest income includes interest earned on loans, ‘repos’ and investments less interest beared on deposits by customers, debt securities in issued, borrowing from other financial institutions and ‘repos’. At December 31, 2017, 2016 and 2015, net interest income amounted to COP 10,639,007 COP 10,202,433 and COP 7,723,704, respectively.
     
    24.3 Fees and commissions
     
    The following table sets forth the detail of fees and other services, for the years ended December 31, 2017, 2016 and 2015:
     
    Fees and other service income:
     
    Fees and commissions income
    2017
    2016
    2015
    In millions of COP
     
    Credit and debit card fees
    1,164,380
    1,092,919
    1,015,253
    Banking services
    885,512
    816,839
    630,616
    Bancassurance
    408,248
    336,692
    260,224
    Trust
    359,651
    294,499
    265,215
    Collections
    228,580
    229,940
    203,772
    Acceptances and guarantees
    55,365
    55,724
    44,539
    Checks
    48,010
    51,974
    55,861
    Brokerage
    20,618
    23,431
    23,453
    Others
    416,543
    383,217
    291,624
    Fees and commissions income
    3,586,907
    3,285,235
    2,790,557
     
    For the years ended December 31, 2015 Compañía de Financiamiento Tuya, as a discontinued operation, had fees and commissions income amounting to COP 388,306. For further information see Note 30. Discontinued operations.
     
    Fees and other service expenses
     
    Fees and commissions expenses
    2017
    2016
    2015
    In millions of COP
    Banking services
    (396,264)
    (354,640)
    (298,415)
    Call center and website
    (291,602)
    (260,006)
    (190,110)
    Others
    (394,848)
    (351,625)
    (308,988)
    Fees and commissions expenses
    (1,082,714)
    (966,271)
    (797,513)
     
    Total fees and commissions income, net
    2,504,193
    2,318,964
    1,993,044
     
    As of December 31, 2015 Compañía de Financiamiento Tuya, as a discontinued operation, had a balance of fees and commissions expenses amounting to COP 152,500. For further information see Note 30. Discontinued operations.
     
    24.4 Other operating income
     
    The following table sets forth the detail of other operating income net for the years ended December 31, 2017, 2016 and 2015:
     
    Other operating income
    2017
    2016
    2015
    In millions of COP
    Operating leases
    563,861
    493,486
    448,754
    Net foreign exchange
    294,068
    132,292
    (157,933)
    Services
    164,150
    167,914
    165,737
    Other reversals
    140,012
    37,767
    8,110
    Investment property valuation
    55,573
    149,299
    150,176
    Insurance (1)
    49,640
    49,679
    -
    Gains on sale of assets
    40,600
    60,282
    8,408
    Derivatives foreign exchange contracts
    21,917
    164,172
    527,137
    Penalties for failure to contract
    19,881
    14,634
    14,963
    Hedging
    (3,678)
    (5,985)
    (20,509)
    Others
    286,322
    223,583
    227,859
    Total Other operating income
    1,632,346
    1,487,123
    1,372,702
     
    (1)
    Corresponds to income from Seguros Agromercantil insurance operations.  See Note 8: Goodwill and Intangible assets, net.
     
    24.5 Dividends received, and share of profits of equity method investees
     
    The following table sets forth the detail of dividends received, and share of profits of equity method investees for the years ended December 31, 2017, 2016 and 2015:
     
     
    2017
    2016
    2015
     
    In millions of COP
    Dividends (1)
    32,248
    39,785
    23,833
    Equity investments(2)
    (19,680)
    77,799
    95,595
    Equity method(3)
    253,602
    60,254
    122,477
    Gains (Losses) on sale of Discontinued Operations
    -
    (1,146)
    (30,331)
    Total dividends received, and share of profits of equity method investees
    266,170
    176,692
    211,574
     
    (1)
    Dividends received from equity investments at fair value through profit or loss as of 31, December of 2017, 2016 and 2015 amount COP 20,297, COP 30,468 and COP 14,228, respectively. Dividends from equity investments at fair value through OCI amount COP 11,951, COP 9,317 and 9,605, respectively.
    (2)
    As of December 31, 2017 there is a lost in equity investments due to decrease of fair value in portfolio measured at fair value through profit or loss held by Banagricola S.A.
    (3)
    For further information, see note 7 investments in associates and joint ventures