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:DisclosureOfFinanceLeaseAndOperatingLeaseByLessorExplanatory

    The Bank has subscribed lease agreements as lessor. These leases arrangements involve machinery and equipment, computer equipment, automobile and furniture and fixtures and their terms range between one and twenty years, as follows:
     
    As of December 31, 2017
     
    Period
    Gross investment in finance lease
    receivable
    Present value of
    minimum payments
    In millions of COP
    Within 1 year
    759,852
    526,604
    Over 1 year, but less than 5 years
    7,842,992
    6,188,894
    Over 5 years
    22,212,438
    15,533,453
    Total gross investment in finance lease receivable/ present value of minimum payments
    30,815,282
    22,248,951
    Less: Future financial income (1)
    (8,566,331)
    -
    Present value of payments receivable
    22,248,951
    22,248,951
    Minimum non-collectable payments impairment
    (447,361)
    (447,361)
    Total
    21,801,590
    21,801,590
     
    (1)
    Future financial income: Total Gross Investment - Total Present Value of minimum payments
     
    As of December 31, 2016 
     
    Period
    Gross investment in finance lease
    receivable
    Present value of
    minimum payments
    In millions of COP
    Within 1 year
    835,177
    570,504
    Over 1 year, but less than 5 years
    8,597,818
    6,667,322
    Over 5 years
    20,699,269
    14,106,097
    Total gross investment in finance lease receivable/ present value of minimum payments
    30,132,264
    21,343,923
    Less: Future financial income (1)
    (8,788,341)
    -
    Present value of payments receivable
    21,343,923
    21,343,923
    Minimum non-collectable payments impairment
    (518,992)
    (518,992)
    Total
    20,824,931
    20,824,931
     
    (1)
    Future financial income: Total Gross Investment - Total Present Value of minimum payments