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:DisclosureOfReconciliationOfChangesInGoodwillExplanatory

    Following is the roll-forward of goodwill balances during the years ended December 31, 2017 and 2016:
     
     
     
    December 31, 2017
     
     
    December 31, 2016
     
     
     
     
     
     
     
     
    Balance at the beginning of the year
     
    Ps.
    6,824,935
     
     
    Ps.
    7,055,975
     
    Additions / Purchases (1)
     
     
    102,376
     
     
     
    2,805
     
    Foreign exchange adjustment
     
     
    (26,255
    )
     
     
    (233,845
    )
    Balance at the end of the year
     
    Ps.
    6,901,056
     
     
    Ps.
    6,824,935
     
     
    (1) Corficolombiana acquired in 2017 an additional 40 % of the Concesionaria Vial del Pacífico – Covipacífico S.A.S., located in Colombia. The business acquisition generated Goodwill of Ps. 102,376 which was included in the Financial Statements of Grupo Aval at the end of the 2017 accounting period. (this acquisition is considered non-significant)