GRUPO AVAL ACCIONES Y VALORES S.A. Statement of financial position
For the period ended as of march 31st 2023 and december 31st 2022 (Stated in millions of Colombian pesos)
March 31st | Decembre 31st | ||||
Assets | 2023 | 2022 | |||
Current assets | |||||
Cash and cash equivalents | Ps. | 166,066 | Ps. | 67,439 | |
Trading securities | 194 | 764 | |||
Accounts receivable from related parties | 1,029,853 | 96,081 | |||
Taxes paid in advance | 6,872 | 7,577 | |||
Other accounts receivable | 14 | 161 | |||
Other non-financial assets | 99 | 52 | |||
Total current assets | 1,203,098 | 172,074 | |||
Non-current Assets | |||||
Investments in subsidiaries and associates | Ps. | 18,082,615 | Ps. | 18,361,916 | |
Accounts receivable from related parties | 1,454,442 | 1,498,754 | |||
Property and equipment, net | 3,241 | 4,083 | |||
Deferred tax assets | 124 | 127 | |||
Total non-current Assets | 19,540,422 | 19,864,880 | |||
Total assets | Ps. | 20,743,520 | Ps. | 20,036,954 | |
Liabilities and shareholders' equity | |||||
Current liabilities | |||||
Borrowings at amortized cost | Ps. | 21,025 | Ps. | 20,255 | |
Outstanding bonds at amortized cost | 14,270 | 14,093 | |||
Accounts payable | 1,129,603 | 106,101 | |||
Employee benefits | 2,323 | 2,486 | |||
Tax liabilities | 8,639 | 11,920 | |||
Other non-financial liabilities | 1,214 | 1,214 | |||
Total current liabilities | 1,177,074 | 156,069 | |||
Long-term liabilities | |||||
Borrowings at amortized cost | Ps. | 1,749,301 | Ps. | 1,794,089 | |
Outstanding bonds | 1,124,520 | 1,124,520 | |||
Total long-term liabilities | 2,873,821 | 2,918,609 | |||
Total liabilities | Ps. | 4,050,895 | Ps. | 3,074,678 | |
Shareholders' equity | |||||
Subscribed and paid capital | Ps. | 23,743 | Ps. | 23,743 | |
Additional paid-in capital | 9,695,243 | 9,695,243 | |||
Retained earnings | 7,469,581 | 5,939,430 | |||
Net income | 415,940 | 2,541,179 | |||
Other equity accounts | (911,882) | (1,237,319) | |||
Total shareholders' equity | Ps. | 16,692,625 | Ps. | 16,962,276 | |
Total liabilities and shareholders' equity | Ps. | 20,743,520 | Ps. | 20,036,954 |
GRUPO AVAL ACCIONES Y VALORES S.A.
Statement of income
(Stated in millions of Colombian pesos, except earnings per share)
For the accumulated period | ||||
March 31st | March 31st | |||
2023 | 2022 | |||
Operating revenue | ||||
Equity method income, net | Ps. | 412,496 | Ps. | 630,683 |
Other revenue from ordinary activities | 116,610 | 72,373 | ||
Total operating revenue | Ps. | 529,106 | Ps. | 703,056 |
Expenses, net | ||||
Administrative expenses | Ps. | 18,713 | Ps. | 32,549 |
Other expenses | (99) | 14 | ||
revenue from exchange differences | (130) | (42) | ||
Ps. | 18,484 | Ps. | 32,521 | |
Operating income | Ps. | 510,622 | Ps. | 670,535 |
Financial expenses | 81,532 | 34,039 | ||
Earnings before taxes | Ps. | 429,090 | Ps. | 636,496 |
Income tax expense | 13,150 | 5,718 | ||
Net income from continuing operations | Ps. | 415,940 | Ps. | 630,778 |
Discontinued operations | ||||
Equity method income from discontinued operations | 0 | 1,100,730 | ||
Income from discontinued operations | Ps. | 0 | Ps. | 1,100,730 |
Net income | Ps. | 415,940 | Ps. | 1,731,508 |
Net income per share from continuing operations | Ps. | 17.52 | Ps. | 28.31 |
Net income per share from discontinued operations | Ps. | 0.00 | Ps. | 49.40 |
GRUPO AVAL ACCIONES Y VALORES S.A. | ||||
Statement of Other Comprehensive Income | ||||
(Stated in millions of Colombian pesos) | ||||
IFRS | ||||
For the accumulated period | ||||
March 31st | March 31st | |||
2023 | 2022 | |||
Net income | Ps. | 415,940 | Ps. | 1,731,508 |
Other comprehensive income (OCI), net of taxes | ||||
Participation in other comprehensive income | ||||
reported using the equity method | 325,437 | (1,867,591) | ||
Comprehensive income, net | ||||
Ps. | 741,377 | Ps. | (136,083) |
GRUPO AVAL ACCIONES Y VALORES S.A.
Individual statement of cash flow
For the period ended as of march 31st 2023 and 2022 (Stated in millions of Colombian pesos)
Cash flow from operating activity: | |
Net Income | Ps. |
Adjustments to reconcile net profit with net cash | |
used in operating activities | |
Income tax expense | Ps. |
Property and equipment depreciation and amortization | |
Impairment of receivables | |
Equity method income | |
Equity method income from discontinued operations | |
Changes in operating assets and liabilities: | |
Decrease (Increase) in trading securities | |
Increase in interest receivables | |
Decrease in other assets and liabilities, net: prepaid taxes, | |
prepaid expenses; taxes, accounts payable, | |
employee liabilities, estimated liabilities and provisions. | |
Increase in interests payable | |
Interest payment on lease agreements (IFRS 16) | |
Dividends received by subsidiaries | |
Income tax paid | |
Net cash used in operating activities | Ps. |
Cash flow from investing activities: | |
Acquisition of property and equipment | |
Net cash used in investing activities | Ps. |
Cash flow from financing activities: | |
Dividends paid | |
Payment of liabilities arising from lease agreements | |
Net cash from financing activities | Ps. |
Change in cash and cash equivalents | |
Cash and cash equivalents as of the beginning of the period | |
Cash and cash equivalents as of the end of the period | Ps. |
Additional information: | |
Payment of Interest | Ps. |
March 31st | March 31st | |
2023 | 2022 | |
415,940 | Ps. | 1,731,508 |
13,150 | Ps. | 5,718 |
398 | 426 | |
(121) | - | |
(412,496) | (630,683) | |
- | (1,100,730) | |
570 | (77) | |
(382) | - | |
(16,530) | (12,357) | |
1,319 | 2,887 | |
(132) | (63) | |
98,655 | 283,955 | |
- | (3,354) | |
100,371 | Ps. | 277,230 |
- | (22) | |
0 | Ps. | (22) |
(1,475) | (299,942) | |
(269) | (317) | |
(1,744) | Ps. | (300,259) |
98,627 | (23,051) | |
67,439 | 174,784 | |
166,066 | Ps. | 151,733 |
80,343 | Ps. | 31,173 |
GRUPO AVAL ACCIONES Y VALORES S.A. | ||||||
Statement of shareholders' equity | ||||||
For the period ended as of march 31st 2023 | ||||||
(Stated in million of Colombian pesos) | ||||||
Retained earnings (losses) | ||||||
Subscribed and | Legal | Occasional | Retained | |||
Paid-in Capital | earnings | |||||
paid capital | reserve | reserve | ||||
(losses) | ||||||
Balance as of december 31 st. 2021 | Ps. | 22,281 Ps. | 8,612,936 Ps. | 11,140 Ps. | 10,706,543 Ps. | (393,822) |
Operations w ith | Net Income | Other equity accounts | Shareholders' |
shareholders | equity | ||
- | Ps. | 3,502,758 Ps. | 1,013,600 Ps. | 23,475,436 |
Constitution of reserves for future distributions net income 2021 | |
Reserve appropriation | |
To distribute a stock dividend of $ 54 per share , | over 22,281,017,159 |
shares outstanding as of december 31st 2021. These dividends w ill be paid | |
at the rate of 1 share for each 13.74233 common or preferential shares as | |
of december 31st, 2021. | |
Issuance of shares | |
Application of the equity method | |
Application of the equity method (Spin-off) | |
Witholding tax on dividends | |
Net Income |
3,502,758 | |
(188,208) | 188,208 |
(1,203,175) | |
1,203,175 | |
258 |
(3,502,758) | - | |
- | ||
(1,203,175) | ||
1,203,175 | ||
(1,149,373) | (1,149,373) | |
(6,644,277) | (718,218) | (7,362,495) |
258 | ||
1,731,508 | 1,731,508 |
Balance as of March 31st 2022 | Ps. | 22,281 | Ps. | 8,612,936 | Ps. | 11,140 | Ps. | 14,021,093 | Ps. | (205,356) |
Balance as of december 31st 2022 | Ps. | 23,743 | Ps. | 9,695,243 | Ps. | 11,872 | Ps. | 12,817,186 | Ps. | (245,351) |
(6,644,277) | Ps. | 1,731,508 | Ps. | (853,991) | Ps. | 16,695,334 |
(6,644,277) | Ps. | 2,541,179 | Ps. | (1,237,319) | Ps. | 16,962,276 |
Constitution of reserves for future distributions net income 2022 Reserve appropriation To distribute a cash dividend of $ 3.60 per share per month from April 2023 to March 2024 including those tw o months, over 23.743.475.754 outstanding shares as of the date of this meeting. Application of the equity method Witholding tax on dividends Net Income
2,541,179 | |
(7,111,764) | 467,487 |
(1,025,718) | |
14,690 |
(2,541,179) | - |
6,644,277 | - |
(1,025,718) | |
325,437 | 325,437 |
14,690 | |
415,940 | 415,940 |
Balance as of March 31st 2023 | Ps. | 23,743 Ps. | 9,695,243 Ps. | 11,872 Ps. | 7,220,883 Ps. | 236,826 |
0 Ps. | 415,940 Ps. | (911,882) Ps. | 16,692,625 |
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Grupo Aval Acciones y Valores SA published this content on 17 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2023 21:08:04 UTC.