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:DisclosureOfCashAndCashEquivalentsExplanatory

    NOTE 6 – CASH AND CASH EQUIVALENTS
     
    Balances of cash and cash equivalents comprise the following as of December 31, 2017 and 2016:
     
     
     
    December 31,
    2017
     
     
    December 31,
    2016
     
    In Colombian Pesos
     
     
     
     
     
     
     
     
    Cash
     
    Ps.
    4,100,166
     
     
    Ps.
    3,476,270
     
    In the Colombian Central Bank
     
     
    3,820,539
     
     
     
    3,598,125
     
    Demand deposits in banks and other financial entities
     
     
    312,661
     
     
     
    380,610
     
    Clearing
     
     
    1,733
     
     
     
    2,435
     
    Investments in debt securities maturing in under three months
     
     
    28,603
     
     
     
    41,064
     
    Restricted cash(1)
     
     
    366,584
     
     
     
    41
     
     
     
    Ps.
    8,630,286
     
     
    Ps.
    7,498,545
     
     
     
     
     
     
     
     
     
     
    In foreign currency
     
     
     
     
     
     
     
     
    Cash
     
     
    1,704,861
     
     
     
    1,422,278
     
    Demand deposits in banks and other financial entities
     
     
    11,999,859
     
     
     
    13,268,996
     
    Restricted cash(2)
     
     
    1,832
     
     
     
    3,185
     
     
     
    Ps.
    13,706,552
     
     
    Ps.
    14,694,459
     
    Total cash and cash equivalents
     
    Ps.
    22,336,838
     
     
    Ps.
    22,193,004
     
     
    (1) Grupo Aval has restricted cash related to the collection of tolls on concessions and banking reserve. The increase presented is mainly attributable to the business combination of Concesionaria Vial del Pacífico S.A.S. Ps. 89,491 and Concesionaria Nueva Vía al Mar S.A.S. Ps. 119,524 (Grupo Aval considers this acquisition non-significant ) and restricted cash related to unpaid pension balances at Industrial Lehner Ps. 67,777.
     
    (2)Grupo Aval has restricted cash related to deposits in guarantee for Banco Corficolombiana Panama S.A and Gas Comprimido del Peru S.A.
     
    Grupo Aval´s banking subsidiaries had cash reserves to comply with the mandatory amount for time deposits, checking account and savings accounts for Ps. 7,679,587 and Ps. 7,151,365 at December 31, 2017 and 2016, respectively.