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:DisclosureOfOtherProvisionsExplanatory

    Roll-forward of legal provisions during the years ended on December 31, 2017 and 2016 are as follows:
     
     
     
    For Legal
     
     
    Other Provisions
     
     
    Total Provisions
     
    Balance as of December 31, 2014
     
    Ps.
    185,656
     
     
    Ps.
    558,997
     
     
    Ps.
    744,653
     
    Provisions increase during the year
     
     
    13,406
     
     
     
    72,032
     
     
     
    85,438
     
    Use of provisions
     
     
    (27,816
    )
     
     
    (60,085
    )
     
     
    (87,901
    )
    Amounts reversed due to provisions not utilized
     
     
    (22,932
    )
     
     
    (21,033
    )
     
     
    (43,965
    )
    Financial cost
     
     
    -
     
     
     
    (1,284
    )
     
     
    (1,284
    )
    Variations in exchange in foreing currency
     
     
    -
     
     
     
    195
     
     
     
    195
     
    Reclassification
     
     
    -
     
     
     
    (96,909
    )
     
     
    (96,909
    )
    Balance as of December 31, 2015
     
    Ps.
    148,314
     
     
    Ps.
    451,913
     
     
    Ps.
    600,227
     
    Provisions increase during the year
     
     
    32,405
     
     
     
    363,211
     
     
     
    395,616
     
    Use of provisions
     
     
    (13,143
    )
     
     
    (319,592
    )
     
     
    (332,735
    )
    Amounts reversed due to provisions not utilized
     
     
    (12,938
    )
     
     
    (30,249
    )
     
     
    (43,187
    )
    Reclassifications
     
     
    1,111
     
     
     
    (676
    )
     
     
    435
     
    Balance as of December 31, 2016
     
    Ps.
    155,749
     
     
    Ps.
    464,607
     
     
    Ps.
    620,356
     
    Provisions increase during the year
     
     
    32,670
     
     
     
    222,349
     
     
     
    255,019
     
    Use of provisions
     
     
    (15,012
    )
     
     
    (117,643
    )
     
     
    (132,655
    )
    Amounts reversed due to provisions not utilized
     
     
    (7,870
    )
     
     
    (42,459
    )
     
     
    (50,329
    )
    Reclassifications
     
     
    (184
    )
     
     
    408
     
     
     
    224
     
    Balance as of December 31, 2017
     
    Ps.
    165,353
     
     
    Ps.
    527,262
     
     
    Ps.
    692,615