BANCOLOMBIA SA | CIK:0001071371 | 3

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

    NOTE 6. LOANS AND ADVANCES TO CUSTOMERS AND FINANCIAL INSTITUTIONS, NET
     
    Loans and financial leasing operating portfolio
     
    The following is the composition of the loans and financial leasing operations portfolio as of December 31, 2017 and 2016:
     
    Composition
    December 31,
    2017
    December 31,
    2016
    In millions of COP
    Commercial (1)
    88,997,241
    86,259,708
    Consumer
    27,646,114
    23,925,279
    Mortgage
    20,512,208
    19,155,852
    Financial Leases
    22,248,951
    21,343,923
    Small Business Loans
    1,063,580
    1,062,724
    Total gross loans and Financial Leases
    160,468,094
    151,747,486
    Total allowance
    (8,223,103)
    (6,621,911)
    Total Net Loans and financial leases
    152,244,991
    145,125,575
     
    (1)
    Includes loans to financial institutions amounting to COP 7,862,401 and COP 6,217,825 as of December 31, 2017 and December 31, 2016, respectively.
     
    For more details on the composition of the loans and financial leasing operations portfolio, see Note 31 Risk Management.
     
    Allowance for loans losses
     
    The following table sets forth the changes in the allowance for loans and advances and lease losses as of December 31, 2017, 2016 and 2015:
     
    As of December 31, 2017
     
    Concept
    Commercial
    Consumer
    Mortgage
    Financial
    Leases
    Small
    business
    loans
    Total
    In millions of COP
     +Balance at beginning of period
    3,499,791
    1,791,123
    653,936
    567,046
    110,015
    6,621,911
     + Provisions for loan losses (1)
    3,594,310
    2,310,518
    284,392
    276,687
    119,690
    6,585,597
     - Charges-off
    (792,145)
    (1,302,630)
    (37,677)
    (77,762)
    (65,086)
    (2,275,300)
     - Recoveries (1)
    (1,783,649)
    (510,684)
    (253,578)
    (133,986)
    (24,141)
    (2,706,038)
     +/- Translation adjustment
    (4,127)
    3,502
    (1,972)
    (583)
    113
    (3,067)
     = Balance at end of year
    4,514,180
    2,291,829
    645,101
    631,402
    140,591
    8,223,103
     
    (1)
    The provision for loan losses, net COP 3,879,559 differs from the COP 3,468,699 presents in the line “Credit impairment charges on loans and advances and financial leases, net” of the Consolidated Statement of Income, in the amount of COP 410,860 due to the recovery of charged-off loans.
      
    As of December 31, 2016
     
    Concept
    Commercial
    Consumer
    Mortgage
    Financial
    Leases
    Small
    business
    loans
    Total
    In millions of COP
     +Balance at beginning of period
    2,694,965
    1,321,281
    572,772
    579,151
    80,586
    5,248,755
    +Allowance for loan of PA Leasing
    -
    -
    -
    27,825
    -
    27,825
     + Provisions for loan losses (1)
    2,684,559
    1,922,315
    225,291
    221,694
    95,272
    5,149,131
     - Charges-off
    (489,573)
    (902,400)
    (24,619)
    (74,900)
    (41,710)
    (1,533,202)
     - Recoveries (1)
    (1,379,288)
    (525,510)
    (109,912)
    (180,537)
    (23,645)
    (2,218,892)
     +/- Translation adjustment
    (10,872)
    (24,563)
    (9,596)
    (6,187)
    (488)
    (51,706)
     = Balance at end of year
    3,499,791
    1,791,123
    653,936
    567,046
    110,015
    6,621,911
     
    (1)
    The provision for loan losses, net COP 2,930,239 differs from the COP 2,643,710 presents in the line “Credit impairment charges on loans and advances and financial leases, net” of the Consolidated Statement of Income, in the amount of COP 286,529 due to the recovery of charged-off loans.
     
    The sale of Compañia de Financiamiento Tuya S.A took place on October 31, 2016. The amounts recognized until that date are presented in the line “Net income from discontinued operations” of the Statement of Income, the following table is the movement associated with this company:
     
    Concept
    December 31, 2016
     +Balance at beginning of period
    351,375
     + Provisions for loan losses (*)
    465,947
     - Charges-off
    (228,757)
     - Recoveries (*)
    (147,668)
     = Balance at end of year
    440,897
     
    (*)
    The provision for loan losses net of COP 318,279 differs from the COP 323,290 presented in “Credit impairment charges on loans and advances and financial leases, net" in note 30. Discontinued operations, in the amount of COP 5,011 due to provision on off balance sheet credit exposures that is accounted for as a liability under IAS 37.
     
    As of December 31, 2015
     
    Concept
    Commercial
    Consumer
    Mortgage
    Financial
    Leases
    Small
    business
    loans
    Total
    In millions of COP
     +Balance at beginning of period
    2,360,488
    1,479,460
    456,983
    415,766
    76,560
    4,789,257
    - Discontinued operations(1)
    -
    (282,098)
    -
    -
    -
    (282,098)
     + Provisions for loan losses (2)
    2,671,337
    697,282
    145,663
    498,092
    47,880
    4,060,254
     - Charges-off
    (711,257)
    (629,628)
    (12,765)
    (31,723)
    (36,682)
    (1,422,055)
     - Recoveries(2)
    (1,709,293)
    (64,340)
    (63,632)
    (328,183)
    (9,947)
    (2,175,395)
     +/- Translation adjustment
    83,690
    120,605
    46,523
    25,199
    2,775
    278,792
     = Balance at end of year
    2,694,965
    1,321,281
    572,772
    579,151
    80,586
    5,248,755
     
    (1)
    As of December 31, 2015, Compañía de Financiamiento Tuya S.A. was considered as a discontinued operation, see Note 30 Discontinued Operation. In October 2016, this sale was completed.
    (2)
    The provision for loan losses, net COP 1,884,859 differs from the COP 1,667,680 presented in the line “Credit impairment charges on loans and advances and financial leases, net” of the Consolidated Statement of Income in the amount of COP 217,179 due to the recovery of charged-off loans.
     
    The changes in the allowance for loan losses for Tuya as of December 31, 2015 is as follows:
     
    Concept
    December 31, 2015
     +Balance at beginning of period
    282,098
     + Provisions for loan losses (*)
    446,614
     - Charges-off
    (236,196)
     - Recoveries (*)
    (141,141)
     = Balance at end of year
    351,375
     
    (*)
    The provision for loan losses net of COP 305,473 differs from the COP 324,309 presented in “Credit impairment charges on loans and advances and financial leases, net” in note 30 discontinued operations, in the amount of COP 18,836 due to the expense of the contingent component of credit cards.
     
    Leasing operations:
     
    Finance leases - lessor
     
    The Bank has subscribed lease agreements as lessor. These leases arrangements involve machinery and equipment, computer equipment, automobile and furniture and fixtures and their terms range between one and twenty years, as follows:
     
    As of December 31, 2017
     
    Period
    Gross investment in finance lease
    receivable
    Present value of
    minimum payments
    In millions of COP
    Within 1 year
    759,852
    526,604
    Over 1 year, but less than 5 years
    7,842,992
    6,188,894
    Over 5 years
    22,212,438
    15,533,453
    Total gross investment in finance lease receivable/ present value of minimum payments
    30,815,282
    22,248,951
    Less: Future financial income (1)
    (8,566,331)
    -
    Present value of payments receivable
    22,248,951
    22,248,951
    Minimum non-collectable payments impairment
    (447,361)
    (447,361)
    Total
    21,801,590
    21,801,590
     
    (1)
    Future financial income: Total Gross Investment - Total Present Value of minimum payments
     
    As of December 31, 2016 
     
    Period
    Gross investment in finance lease
    receivable
    Present value of
    minimum payments
    In millions of COP
    Within 1 year
    835,177
    570,504
    Over 1 year, but less than 5 years
    8,597,818
    6,667,322
    Over 5 years
    20,699,269
    14,106,097
    Total gross investment in finance lease receivable/ present value of minimum payments
    30,132,264
    21,343,923
    Less: Future financial income (1)
    (8,788,341)
    -
    Present value of payments receivable
    21,343,923
    21,343,923
    Minimum non-collectable payments impairment
    (518,992)
    (518,992)
    Total
    20,824,931
    20,824,931
     
    (1)
    Future financial income: Total Gross Investment - Total Present Value of minimum payments
     
    Unsecured residual value (*)
     
    The following table sets the unsecured residual values by type of asset as of December 31, 2017 and 2016:
     
    Type of asset
    December 31, 2017
    December 31, 2016
    In millions of COP
    Automobile
    26,841
    4,264
    Technology
    20,921
    19,061
    Machinery and equipment
    8,627
    41,244
    Furniture and fixtures
    62
    45
    Total
    56,451
    64,614
     
    (*)
    The unsecured residual value is the part of the residual value of the leased asset, whose realization is not secured or is secured by a third party related to the lessor.
     
    Operating leases - lessor
     
    Certain of the Bank’s subsidiaries leases assets to third parties under non-cancelable leases arrangements. Assets provided through operating leases are recorded as property, plant and equipment. The terms established for these agreements range from one to ten years.
     
    The following table presents the information of minimum payments by lease to be received: 
     
     
    December 31, 2017
    December 31, 2016
    In millions of COP
    Within 1 year
    110,993
    140,883
    Over 1 year, but less than 5 years
    960,037
    823,035
    Over 5 years
    154,996
    138,769
    Total
    1,226,026
    1,102,687