BANCOLOMBIA SA | CIK:0001071371 | 3

  • Filed: 4/30/2018
  • Entity registrant name: BANCOLOMBIA SA (CIK: 0001071371)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1071371/000114420418023396/0001144204-18-023396-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1071371/000114420418023396/cib-20171231.xml
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    • ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory

    The CODM reviews the performance of the Bank using the following financial information by operating segment:
     
     
    For the year ended December 31, 2017
     
    Banking
    Colombia
    Banking
    Panama
    Banking El
    Salvador
    Banking
    Guatemala
    Trust
    Investment
    banking(1)
    Brokerage
    Off shore
    All other
    segments
    Total before
    eliminations
    Adjustments for
    consolidation(2)
    Total after
    eliminations
     
    In millions of COP
    Total interest and valuation
    12,984,301
    1,495,446
    882,806
    865,038
    794
    94
    8,916
    444,649
    10,201
    16,692,245
    (6,568)
    16,685,677
    Interest income on loans and financial leases
    12,576,159
    1,374,398
    830,050
    767,986
    -
    -
    -
    412,418
    13,000
    15,974,011
    (426)
    15,973,585
    Total Debt investments
    602,304
    93,154
    31,582
    100,193
    193
    94
    15,147
    16,329
    735
    859,731
    -
    859,731
    Derivatives
    (54,156)
    438
    -
    -
    -
    -
    (7,661)
    6,085
    (289)
    (55,583)
    (6,084)
    (61,667)
    Total liquidity operations
    (140,006)
    27,456
    21,174
    (3,141)
    601
    -
    1,430
    9,817
    (3,245)
    (85,914)
    (58)
    (85,972)
    Interest expenses
    (4,791,976)
    (523,312)
    (256,994)
    (348,726)
    (102)
    -
    (72)
    (226,304)
    (85,928)
    (6,233,414)
    428
    (6,232,986)
    Net interest margin and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments
    8,192,325
    972,134
    625,812
    516,312
    692
    94
    8,844
    218,345
    (75,727)
    10,458,831
    (6,140)
    10,452,691
    Total credit impairment charges, net
    (3,196,065)
    (46,468)
    (110,018)
    (125,877)
    (549)
    466
    (147)
    6,541
    1,696
    (3,470,421)
    8,576
    (3,461,845)
    Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments
    4,996,260
    925,666
    515,794
    390,435
    143
    560
    8,697
    224,886
    (74,031)
    6,988,410
    2,436
    6,990,846
    Revenues (Expenses) from transactions with other operating segments of the Bank
    (59,884)
    (26,837)
    (963)
    (972)
    (33,024)
    16,209
    53,075
    101,327
    (48,931)
    -
    -
    -
    Total fees and commission income, net
    1,588,246
    205,645
    170,834
    101,565
    283,666
    28,695
    96,703
    16,270
    12,569
    2,504,193
    -
    2,504,193
    Other operating income
    673,850
    7,784
    (6,405)
    54,246
    13,560
    1,886
    (11,647)
    5,280
    874,126
    1,612,680
    19,666
    1,632,346
    Dividends received, and share of profits of equity method investees
    (53,141)
    7,038
    324
    608
    18,249
    (70,114)
    12,278
    (239,328)
    (61,156)
    (385,242)
    651,412
    266,170
    Joint venture impairment
    -
    -
    -
    -
    -
    (173,339)
    -
    -
    -
    (173,339)
    -
    (173,339)
    Total operating income, net
    7,145,331
    1,119,296
    679,584
    545,882
    282,594
    (196,103)
    159,106
    108,435
    702,577
    10,546,702
    673,514
    11,220,216
    Operating expenses (3)
    (4,717,591)
    (569,219)
    (383,002)
    (343,646)
    (113,482)
    (34,100)
    (101,255)
    (56,593)
    (430,212)
    (6,749,100)
    538
    (6,748,562)
    Impairment, depreciation and amortization
    (147,034)
    (55,197)
    (34,671)
    (101,392)
    (540)
    (133)
    (1,398)
    (967)
    (137,377)
    (478,709)
    (174)
    (478,883)
    Total operating expenses
    (4,864,625)
    (624,416)
    (417,673)
    (445,038)
    (114,022)
    (34,233)
    (102,653)
    (57,560)
    (567,589)
    (7,227,809)
    364
    (7,227,445)
    Profit before tax
    2,280,706
    494,880
    261,911
    100,844
    168,572
    (230,336)
    56,453
    50,875
    134,988
    3,318,893
    673,878
    3,992,771
     
    (1)
    Includes imparment recognition in joint venture Compañía de Financiamiento Tuya S.A.For more information see Note 7 Investments in associates and joint ventures
    (2)
    Includes provisions, dividends, gains on sales and non-controlling interest and reclassification according to the analysis process used by the CODM.
    (3)
    Includes staff costs, other administration and general expenses, contributions and other tax burdens and others.
      
     
    For the year ended December 31, 2016
     
    Banking
    Colombia
    Banking
    Panama
    Banking El
    Salvador
    Banking
    Guatemala
    Trust
    Investment
    banking
    Brokerage
    Off shore
    All other
    segments
    Total before
    eliminations
    Adjustments for
    consolidation(1)
    Total after
    eliminations
     
    In millions of COP
    Total interest and valuation
    11,586,785
    1,399,852
    901,757
    869,329
    827
    136
    17,160
    442,107
    30,299
    15,248,252
    500,553
    15,748,805
    Interest income on loans and financial leases
    11,196,951
    1,284,986
    844,687
    763,031
    -
    -
    -
    431,381
    25,819
    14,546,855
    473,487
    15,020,342
    Total Debt investments
    464,504
    94,284
    48,264
    96,081
    283
    136
    18,094
    16,205
    3,145
    740,996
    1,718
    742,714
    Derivatives
    (10,197)
    3,274
    -
    5,323
    -
    -
    (2,113)
    (7)
    (1,030)
    (4,750)
    -
    (4,750)
    Total liquidity operations
    (64,473)
    17,308
    8,806
    4,894
    544
    -
    1,179
    (5,472)
    2,365
    (34,849)
    25,348
    (9,501)
    Interest expenses
    (4,542,701)
    (457,611)
    (252,011)
    (348,219)
    (20)
    -
    (33)
    (252,030)
    (99,991)
    (5,952,616)
    (100,484)
    (6,053,100)
    Net interest margin and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments
    7,044,084
    942,241
    649,746
    521,110
    807
    136
    17,127
    190,077
    (69,692)
    9,295,636
    400,069
    9,695,705
    Total credit impairment charges, net
    (1,797,848)
    (367,781)
    (55,985)
    (127,839)
    (164)
    (423)
    (25)
    (52,294)
    871
    (2,401,488)
    (329,664)
    (2,731,152)
    Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments
    5,246,236
    574,460
    593,761
    393,271
    643
    (287)
    17,102
    137,783
    (68,821)
    6,894,148
    70,405
    6,964,553
    Revenues (Expenses) from transactions with other operating segments of the Bank
    (65,915)
    (20,600)
    (3,054)
    701
    (22,893)
    12,891
    38,677
    99,914
    (39,721)
    -
    -
    -
    Total fees and commission income, net
    1,269,298
    180,286
    158,262
    58,745
    238,745
    19,821
    80,060
    27,502
    13,724
    2,046,443
    272,521
    2,318,964
    Other operating income
    603,860
    18,828
    1,302
    55,942
    13,500
    2,285
    (9,923)
    15,961
    874,978
    1,576,733
    (89,610)
    1,487,123
    Dividends received, and share of profits of equity method investees
    (264,715)
    4,692
    711
    779
    16,873
    202,062
    32,567
    (269,096)
    (175,595)
    (451,722)
    628,414
    176,692
    Total operating income, net
    6,788,764
    757,666
    750,982
    509,438
    246,868
    236,772
    158,483
    12,064
    604,565
    10,065,602
    881,730
    10,947,332
    Operating expenses (2)
    (4,150,984)
    (589,535)
    (390,309)
    (323,001)
    (87,951)
    (26,662)
    (110,317)
    (60,688)
    (400,243)
    (6,139,690)
    (321,551)
    (6,461,241)
    Impairment, depreciation and amortization
    (147,261)
    (62,459)
    (50,323)
    (112,429)
    (612)
    (93)
    (1,980)
    (972)
    (137,672)
    (513,801)
    (4,008)
    (517,809)
    Total operating expenses
    (4,298,245)
    (651,994)
    (440,632)
    (435,430)
    (88,563)
    (26,755)
    (112,297)
    (61,660)
    (537,915)
    (6,653,491)
    (325,559)
    (6,979,050)
    Profit before tax
    2,490,519
    105,672
    310,350
    74,008
    158,305
    210,017
    46,186
    (49,596)
    66,650
    3,412,111
    556,171
    3,968,282
     
    (1)
    Includes provisions, dividends, gains on sales and non-controlling interest and reclassification according to the analysis process used by the CODM.
    (2)
    Includes staff costs, other administration and general expenses, contributions and other tax burdens and others.
     
     
    For the year ended December 31, 2015
     
    Banking
    Colombia
    Banking
    Panama
    Banking El
    Salvador
    Trust
    Investment
    banking
    Brokerage
    Off shore
    All other
    segments
    Total before
    eliminations
    Adjustments for
    consolidation(1)
    Total after
    eliminations
    In millions of COP
    Total interest and valuation
    8,992,368
    1,119,540
    728,582
    626
    287
    21,157
    291,249
    112,858
    11,266,667
    2,977
    11,269,644
    Interest income on loans and financial leases
    8,785,739
    1,041,780
    706,582
    -
    -
    -
    310,077
    109,062
    10,953,240
    -
    10,953,240
    Total Debt investments
    249,459
    64,466
    19,747
    185
    287
    14,999
    15,502
    1,425
    366,070
    -
    366,070
    Derivatives
    50,362
    2,704
    -
    -
    -
    5,161
    (26,392)
    -
    31,835
    -
    31,835
    Total liquidity operations
    (93,192)
    10,590
    2,253
    441
    -
    997
    (7,938)
    2,371
    (84,478)
    2,977
    (81,501)
    Interest expenses
    (3,192,822)
    (363,373)
    (187,743)
    (367)
    (236)
    (652)
    (215,592)
    (77,156)
    (4,037,941)
    -
    (4,037,941)
    Net interest margin and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments
    5,799,546
    756,167
    540,839
    259
    51
    20,505
    75,657
    35,702
    7,228,726
    2,977
    7,231,703
    Total credit impairment charges, net
    (1,509,519)
    (82,344)
    (26,933)
    (3,204)
    127
    (177)
    (49,830)
    (3,219)
    (1,675,099)
    (2)
    (1,675,101)
    Net interest margin and valuation income on financial instruments after impairment on loans and financial leases and off balance sheet credit instruments
    4,290,027
    673,823
    513,906
    (2,945)
    178
    20,328
    25,827
    32,483
    5,553,627
    2,975
    5,556,602
    Revenues (Expenses) from transactions with other operating segments of the Bank
    (68,915)
    (6,098)
    (8,475)
    (21,833)
    2,355
    31,734
    95,495
    (24,263)
    -
    -
    -
    Total fees and commission income, net
    1,347,999
    136,372
    140,398
    218,190
    29,327
    78,124
    32,325
    10,334
    1,993,069
    (25)
    1,993,044
    Other operating income
    483,556
    104,448
    24
    16,507
    2,080
    (6,325)
    16,281
    772,959
    1,389,530
    (16,828)
    1,372,702
    Dividends received, and share of profits of equity method investees
    (40,115)
    69,127
    1,716
    13,573
    40,018
    (1,473)
    (141,261)
    (159,583)
    (217,998)
    429,572
    211,574
    Total operating income, net
    6,012,552
    977,672
    647,569
    223,492
    73,958
    122,388
    28,667
    631,930
    8,718,228
    415,694
    9,133,922
    Operating expenses (2)
    (3,836,019)
    (606,582)
    (330,362)
    (85,918)
    (22,635)
    (111,255)
    (73,425)
    (354,811)
    (5,421,007)
    5
    (5,421,002)
    Impairment, depreciation and amortization(3)
    (247,446)
    (49,590)
    (27,761)
    (466)
    (93)
    (1,274)
    (17,254)
    (133,401)
    (477,285)
    -
    (477,285)
    Total operating expenses
    (4,083,465)
    (656,172)
    (358,123)
    (86,384)
    (22,728)
    (112,529)
    (90,679)
    (488,212)
    (5,898,292)
    5
    (5,898,287)
    Profit before tax
    1,929,087
    321,500
    289,446
    137,108
    51,230
    9,859
    (62,012)
    143,718
    2,819,936
    415,699
    3,235,635
     
    (1)
    Includes provisions, dividends, gains on sales and non-controlling interest and reclassification according to the analysis process used by the CODM.
    (2)
    Includes staff costs, administration and general expenses, contributions and other tax burdens and others.
    (3)
    The Bank inadvertently inverted the label of the amounts reported for Operating Expenses and Depreciation and Amortization in 2015. There was no impact in total operating expenses or profit before tax.