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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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001504764
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  • ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory

    2.2
    Grupo Aval functional currency
     
    Grupo Aval´s management has determined the Colombian Peso as the functional and presentation currency for preparing the consolidated financial statements. The foreign subsidiaries have other functional currencies, mainly the U.S. dollar.