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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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001071371
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    • ifrs-full:DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory

    The valuation adjustments recorded by the Bank's related to its investment properties are detailed below:
     
    As of December 31, 2017
     
    Type of asset
    Balance at the
    beginning of
    the year
    Appraisals
    Net increase
    (decrease) in
    investment properties
    Adjusted fair value at
    the end of the year (1)
    In millions of COP
    Buildings
    1,355,717
    49,721
    7,847
    1,413,285
    Lands
    225,972
    5,852
    12,300
    244,124
    Total
    1,581,689
    55,573
    20,147
    1,657,409
     
    As of December 31, 2016
     
    Type of asset
    Balance at the
    beginning of
    the year
    Appraisals
    Net increase
    (decrease) in
    investment
    properties
    Classified to
    assets held for
    sale
    Adjusted fair value
    at the end of the
    year (1)
    In millions of COP
    Buildings
    1,275,566
    52,543
    27,608
    -
    1,355,717
    Lands
    229,480
    96,756
    (71,256)
    (29,008)
    225,972
    Total
    1,505,046
    149,299
    (43,648)
    (29,008)
    1,581,689
     
    (1)
    Corresponds to the change in the commercial estimate of real estate due to the change in the consumer price index (IPC).