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:DisclosureOfTradeAndOtherReceivablesExplanatory

    NOTE 12 – OTHER ACCOUNTS RECEIVABLE, NET
     
    The detailed information of other accounts receivable as of December 31, 2017 and 2016 is as follows:
     
     
     
    December 31,
    2017
     
     
    December 31,
    2016
     
    Accounts receivable for goods and services sales in Non-financial sector companies
     
    Ps.
    1,070,936
     
     
    Ps.
    1,066,628
     
    Financial assets in concession contract at amortized cost ( See note 16)
     
     
    786,018
     
     
     
    203,241
     
    Credit card compensations and network compensation
     
     
    426,090
     
     
     
    249,430
     
    Fees, services and advances
     
     
    258,850
     
     
     
    272,488
     
    Dormant customer deposits ICETEX (1)
     
     
    256,806
     
     
     
    237,034
     
    Payment in advance
     
     
    228,765
     
     
     
    262,473
     
    Debtors
     
     
    224,340
     
     
     
    178,785
     
    Commissions
     
     
    186,646
     
     
     
    131,867
     
    Transfers in process
     
     
    185,634
     
     
     
    166,153
     
    Deposits
     
     
    142,168
     
     
     
    138,520
     
    Payment in advance to supplier's contract
     
     
    117,858
     
     
     
    39,309
     
    Holding and parent establishment
     
     
    114,513
     
     
     
    230,950
     
    Transfers to the National Treasury
     
     
    58,042
     
     
     
    52,351
     
    Storage services
     
     
    43,767
     
     
     
    41,282
     
    Quota shares retirement pensions
     
     
    28,485
     
     
     
    30,396
     
    Claims to insurance companies
     
     
    14,450
     
     
     
    19,201
     
    Dividends
     
     
    3,561
     
     
     
    16,263
     
    Deductible taxes
     
     
    11,961
     
     
     
    15,611
     
    Promissory sellers
     
     
    15,144
     
     
     
    11,661
     
    Payment in advance for industry and trade taxes
     
     
    13,392
     
     
     
    11,553
     
    Others
     
     
    278,708
     
     
     
    344,476
     
    Gross balance of other accounts receivable
     
     
    4,466,134
     
     
     
    3,719,672
     
    Impairment allowance
     
     
    (226,862
    )
     
     
    (195,078
    )
    Other accounts receivable, net
     
    Ps.
    4,239,272
     
     
    Ps.
    3,524,594
     
     
    (1) Pursuant to Colombian Law number 1777 of 2016, financial institutions in Colombia since August 1, 2016, must transfer the funds from clients’ in dormant customer deposits to a special fund as a loan to a Colombian Government entity denominated “ICETEX”, and classified as “Other accounts receivable” given it is permanently deemed refundable to any particular client. This Government entity Fund is responsible for managing the monies funds with the commitment to return them at the time the bank customer account holder requests them. Dormant client’s customer deposits are accounts of savings or current accounts that exceed the 322 UVR (Real Value Units) equivalent to Ps. 81,663 pesos, on which no deposit, withdrawal, transfer or, in general, debit or credit movements have been made during an uninterrupted period of three years.
     
    Roll-forward on the allowance to accounts receivable for the years ended December 31, 2017, 2016 and 2015 is as follows:
     
     
     
    December 31,
     2017
     
     
    December 31,
    2016
     
     
    December 31,
    2015
     
    Balance at the beginning of the year
     
    Ps.
    195,078
     
     
    Ps.
    194,450
     
     
    Ps.
    222,385
     
    Provision charged to profit or loss
     
     
    98,024
     
     
     
    105,942
     
     
     
    96,775
     
    Recovery for partial payments from the clients
     
     
    (18,383
    )
     
     
    (32,514
    )
     
     
    (40,185
    )
    Charge-offs
     
     
    (48,171
    )
     
     
    (72,120
    )
     
     
    (85,880
    )
    Exchange gains (losses) in foreign currency
     
     
    314
     
     
     
    (680
    )
     
     
    1,355
     
    Balance at the end of the year
     
    Ps.
    226,862
     
     
    Ps.
    195,078
     
     
    Ps.
    194,450