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:EarningsPerShareExplanatory

    NOTE 26. EARNING PER SHARE (‘EPS’)
     
    Basic EPS is calculated by reducing the income from continuing operations by the amount of dividends declared in the current period for each class of stock and by the contractual amount of dividends that must be paid for the current period, considering the allocation of remaining earnings to common stock and participating securities to the extent that each security may share in earnings as if all of the earnings for the period had been distributed. EPS is determined by dividing the total earnings allocated to each security by the weighted average number of common shares outstanding.
     
    Diluted EPS assumes the issuance of common shares for all dilutive potential common shares outstanding during the reporting period. The Bank has no dilutive potential common shares as of December 31, 2017, 2016 and 2015.
     
    The following table summarizes information related to the computation of basic EPS for the years ended December 31, 2017, 2016 and 2015 (in millions of pesos, except per share data):
     
     
    2017
    2016
    2015
    Income from continuing operations before attribution of non-controlling interests
    2,754,173
    2,791,450
    2,586,385
    Less: Non-controlling interests from continuing operations
    139,173
    89,619
    90,008
    Net income from continuing operations
    2,615,000
    2,701,831
    2,496,377
    Income from operations and disposals of discontinued operations, net of taxes
    -
    163,497
    22,513
    Less: Non-controlling interests from discontinuing operations
    -
    -
    -
    Net income attributable to the controlling interest
    2,615,000
    2,865,328
    2,518,890
    Less: Preferred dividends declared
    370,983
    342,825
    316,548
    Less: Allocation of undistributed earnings to preferred stockholders
    827,126
    972,955
    836,383
    Continuing operations
    827,126
    896,100
    825,800
    Discontinued operations
    -
    76,855
    10,583
    Net income allocated to common shareholders for basic and diluted EPS
    1,416,891
    1,549,548
    1,365,959
    Weighted average number of common shares outstanding used in basic EPS calculation (In millions)
    510
    510
    510
    Basic and Diluted earnings per share to common shareholders
    2,780
    3,040
    2,680
    From continuing operations
    2,780
    2,870
    2,656
    From discontinuing operations
    -
    170
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