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:DisclosureOfProvisionsExplanatory

    The following tables show the detail of the provisions:
     
    As of December 31, 2017
     
     
    Judicial
    proceedings
    Administrative
    proceedings
    Financial
    guarantees
    Total
    In millions of COP
    Initial balance at January 1, 2017
    29,135
    1,312
    77,366
    107,813
    Additions recognized in the year
    23,396
    302
    55,539
    79,237
    Provisions used during the period
    (10,623)
    -
    -
    (10,623)
    Provisions reversed during the period
    (11,504)
    -
    (80,615)
    (92,119)
    Foreign currency translation adjustment
    (90)
    -
    -
    (90)
    Effect of discounted cash flows
    98
    (22)
    -
    76
    Final balance at December 31, 2017
    30,412
    1,592
    52,290
    84,294
     
    As of December 31, 2016
     
     
    Judicial
    proceedings
    Administrative
    proceedings
    Financial
    guarantees
    Total
    In millions of COP
    Initial balance at January 1, 2016
    19,147
    336
    52,720
    72,203
    Additions recognized in the year
    17,000
    1,032
    71,564
    89,596
    Provisions used during the period
    (3,444)
    (56)
    -
    (3,500)
    Provisions reversed during the period
    (3,512)
    -
    (46,918)
    (50,430)
    Foreign currency translation adjustment
    (243)
    -
    -
    (243)
    Effect of discounted cash flows
    187
    -
    -
    187
    Final balance at December 31, 2016
    29,135
    1,312
    77,366
    107,813