Grupo Aval Acciones Y Valores S.A. | CIK:0001504764 | 3

  • Filed: 4/27/2018
  • Entity registrant name: Grupo Aval Acciones Y Valores S.A. (CIK: 0001504764)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1504764/000114420418022931/0001144204-18-022931-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1504764/000114420418022931/aval-20171231.xml
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    • ifrs-full:DisclosureOfDividendsExplanatory

    The dividends are decreed and paid to shareholders based on unconsolidated net income under Colombian IFRS for the immediately preceding semester:
     
    On October 25, 2016, The General Meeting of Shareholders of Grupo Aval approved the amendment of the Company's by-laws in order to present the financial statements of the Company for Colombian purpose on an annualized basis for the period between the 1st of January and the 31st of December of each year. Prior to such amendment, the Company's bylaws specified the semi-annual presentation of local financial statements for the periods from January 1st to June 30th and July 1st to December 31st of each year.
     
     
     
    December 31, 2017
     
     
    June 30, 2016
     
     
    December 31, 2015
     
    Net income for the periods ended in
     
     
    1,053,594
     
     
     
    1,258,835
     
     
     
    1,086,061
     
    Cash dividends declared
     
    Ps.   
    In the general assembly held in March 2017, 58.80 pesos per share payable in twelve installments of 4.90 pesos per share, from April 2017 to March 2018.
     
     
    Ps.   
    29.40  per share payable in six (6) installments of P.s. 4.90 per share between October 2016 and March 2017 (based on profits from the first half of 2016)
     
     
    Ps.   
    29.40 per share payable in six (6) installments of P.s. 4.90 per share between April 2016 and September 2016 (based on profits from the second half of 2015)
     
    Common shares outstanding
     
     
    15,240,124,702
     
     
     
    15,258,916,143
     
     
     
    15,265,983,336
     
    Preferred shares outstanding
     
     
    7,040,892,457
     
     
     
    7,022,101,016
     
     
     
    7,015,033,823
     
    Total outstanding shares
     
     
    22,281,017,159
     
     
     
    22,281,017,159
     
     
     
    22,281,017,159
     
    Total dividends declared
     
     
    1,310,124
     
     
     
    655,062
     
     
     
    655,062