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:DisclosureOfSignificantInvestmentsInAssociatesExplanatory

    The following is additional information regarding the Bank’s most significant associates as of December 31, 2017 and 2016:
     
    As of December 31, 2017
     
    Company Name
    Assets
    Liabilities
    Income from
    ordinary
    activities
    Profits (loss)
    Dividends
    In millions of COP
    PA Viva Malls(1)
    1,262,837
    29,499
    380,612
    235,647
    35,278
    Protección S.A.(2)
    2,125,552
    663,326
    1,227,139
    343,345
    36,825
    Titularizadora Colombiana S.A. Hitos
    614,032
    487,073
    35,714
    8,161
    3,121
     
    As of December 31, 2016
     
    Company Name
    Assets
    Liabilities
    Income from
    ordinary
    activities
    Profits (loss)
    Dividends
    In millions of COP
    Protección S.A.(2)
    1,901,016
    618,573
    1,115,206
    226,554
    34,163
    Titularizadora Colombiana S.A. Hitos
    500,950
    371,827
    34,185
    8,019
    3,873
     
    (1)
    The difference between the net assets of P.A. Viva Malls multiplied by the Bank’s percentage of ownership which amounted to COP 604,336 for the year ended at December 31, 2017 and the carrying amount of the Bank’s interest in the associate, represents an adjustment amounted to COP 153,550 related to contractual terms with respect to the recognition of benefits.
    (2)
    The difference between the net assets of Protección S.A. multiplied by the Bank’s percentage of ownership which amounted to COP 300,926 and COP 263,927 for the years ended at December 31, 2017 and 2016, respectively and the carrying amount of the Bank’s interest in the associate; represents the goodwill recognized by the Bank amounting to COP 170,434.