GRUPO AVAL ACCIONES Y VALORES S.A. Statement of financial position

For the period ended as of march 31st 2023 and december 31st 2022 (Stated in millions of Colombian pesos)

March 31st

Decembre 31st

Assets

2023

2022

Current assets

Cash and cash equivalents

Ps.

166,066

Ps.

67,439

Trading securities

194

764

Accounts receivable from related parties

1,029,853

96,081

Taxes paid in advance

6,872

7,577

Other accounts receivable

14

161

Other non-financial assets

99

52

Total current assets

1,203,098

172,074

Non-current Assets

Investments in subsidiaries and associates

Ps.

18,082,615

Ps.

18,361,916

Accounts receivable from related parties

1,454,442

1,498,754

Property and equipment, net

3,241

4,083

Deferred tax assets

124

127

Total non-current Assets

19,540,422

19,864,880

Total assets

Ps.

20,743,520

Ps.

20,036,954

Liabilities and shareholders' equity

Current liabilities

Borrowings at amortized cost

Ps.

21,025

Ps.

20,255

Outstanding bonds at amortized cost

14,270

14,093

Accounts payable

1,129,603

106,101

Employee benefits

2,323

2,486

Tax liabilities

8,639

11,920

Other non-financial liabilities

1,214

1,214

Total current liabilities

1,177,074

156,069

Long-term liabilities

Borrowings at amortized cost

Ps.

1,749,301

Ps.

1,794,089

Outstanding bonds

1,124,520

1,124,520

Total long-term liabilities

2,873,821

2,918,609

Total liabilities

Ps.

4,050,895

Ps.

3,074,678

Shareholders' equity

Subscribed and paid capital

Ps.

23,743

Ps.

23,743

Additional paid-in capital

9,695,243

9,695,243

Retained earnings

7,469,581

5,939,430

Net income

415,940

2,541,179

Other equity accounts

(911,882)

(1,237,319)

Total shareholders' equity

Ps.

16,692,625

Ps.

16,962,276

Total liabilities and shareholders' equity

Ps.

20,743,520

Ps.

20,036,954

GRUPO AVAL ACCIONES Y VALORES S.A.

Statement of income

(Stated in millions of Colombian pesos, except earnings per share)

For the accumulated period

March 31st

March 31st

2023

2022

Operating revenue

Equity method income, net

Ps.

412,496

Ps.

630,683

Other revenue from ordinary activities

116,610

72,373

Total operating revenue

Ps.

529,106

Ps.

703,056

Expenses, net

Administrative expenses

Ps.

18,713

Ps.

32,549

Other expenses

(99)

14

revenue from exchange differences

(130)

(42)

Ps.

18,484

Ps.

32,521

Operating income

Ps.

510,622

Ps.

670,535

Financial expenses

81,532

34,039

Earnings before taxes

Ps.

429,090

Ps.

636,496

Income tax expense

13,150

5,718

Net income from continuing operations

Ps.

415,940

Ps.

630,778

Discontinued operations

Equity method income from discontinued operations

0

1,100,730

Income from discontinued operations

Ps.

0

Ps.

1,100,730

Net income

Ps.

415,940

Ps.

1,731,508

Net income per share from continuing operations

Ps.

17.52

Ps.

28.31

Net income per share from discontinued operations

Ps.

0.00

Ps.

49.40

GRUPO AVAL ACCIONES Y VALORES S.A.

Statement of Other Comprehensive Income

(Stated in millions of Colombian pesos)

IFRS

For the accumulated period

March 31st

March 31st

2023

2022

Net income

Ps.

415,940

Ps.

1,731,508

Other comprehensive income (OCI), net of taxes

Participation in other comprehensive income

reported using the equity method

325,437

(1,867,591)

Comprehensive income, net

Ps.

741,377

Ps.

(136,083)

GRUPO AVAL ACCIONES Y VALORES S.A.

Individual statement of cash flow

For the period ended as of march 31st 2023 and 2022 (Stated in millions of Colombian pesos)

Cash flow from operating activity:

Net Income

Ps.

Adjustments to reconcile net profit with net cash

used in operating activities

Income tax expense

Ps.

Property and equipment depreciation and amortization

Impairment of receivables

Equity method income

Equity method income from discontinued operations

Changes in operating assets and liabilities:

Decrease (Increase) in trading securities

Increase in interest receivables

Decrease in other assets and liabilities, net: prepaid taxes,

prepaid expenses; taxes, accounts payable,

employee liabilities, estimated liabilities and provisions.

Increase in interests payable

Interest payment on lease agreements (IFRS 16)

Dividends received by subsidiaries

Income tax paid

Net cash used in operating activities

Ps.

Cash flow from investing activities:

Acquisition of property and equipment

Net cash used in investing activities

Ps.

Cash flow from financing activities:

Dividends paid

Payment of liabilities arising from lease agreements

Net cash from financing activities

Ps.

Change in cash and cash equivalents

Cash and cash equivalents as of the beginning of the period

Cash and cash equivalents as of the end of the period

Ps.

Additional information:

Payment of Interest

Ps.

March 31st

March 31st

2023

2022

415,940

Ps.

1,731,508

13,150

Ps.

5,718

398

426

(121)

-

(412,496)

(630,683)

-

(1,100,730)

570

(77)

(382)

-

(16,530)

(12,357)

1,319

2,887

(132)

(63)

98,655

283,955

-

(3,354)

100,371

Ps.

277,230

-

(22)

0

Ps.

(22)

(1,475)

(299,942)

(269)

(317)

(1,744)

Ps.

(300,259)

98,627

(23,051)

67,439

174,784

166,066

Ps.

151,733

80,343

Ps.

31,173

GRUPO AVAL ACCIONES Y VALORES S.A.

Statement of shareholders' equity

For the period ended as of march 31st 2023

(Stated in million of Colombian pesos)

Retained earnings (losses)

Subscribed and

Legal

Occasional

Retained

Paid-in Capital

earnings

paid capital

reserve

reserve

(losses)

Balance as of december 31 st. 2021

Ps.

22,281 Ps.

8,612,936 Ps.

11,140 Ps.

10,706,543 Ps.

(393,822)

Operations w ith

Net Income

Other equity accounts

Shareholders'

shareholders

equity

-

Ps.

3,502,758 Ps.

1,013,600 Ps.

23,475,436

Constitution of reserves for future distributions net income 2021

Reserve appropriation

To distribute a stock dividend of $ 54 per share ,

over 22,281,017,159

shares outstanding as of december 31st 2021. These dividends w ill be paid

at the rate of 1 share for each 13.74233 common or preferential shares as

of december 31st, 2021.

Issuance of shares

Application of the equity method

Application of the equity method (Spin-off)

Witholding tax on dividends

Net Income

3,502,758

(188,208)

188,208

(1,203,175)

1,203,175

258

(3,502,758)

-

-

(1,203,175)

1,203,175

(1,149,373)

(1,149,373)

(6,644,277)

(718,218)

(7,362,495)

258

1,731,508

1,731,508

Balance as of March 31st 2022

Ps.

22,281

Ps.

8,612,936

Ps.

11,140

Ps.

14,021,093

Ps.

(205,356)

Balance as of december 31st 2022

Ps.

23,743

Ps.

9,695,243

Ps.

11,872

Ps.

12,817,186

Ps.

(245,351)

(6,644,277)

Ps.

1,731,508

Ps.

(853,991)

Ps.

16,695,334

(6,644,277)

Ps.

2,541,179

Ps.

(1,237,319)

Ps.

16,962,276

Constitution of reserves for future distributions net income 2022 Reserve appropriation To distribute a cash dividend of $ 3.60 per share per month from April 2023 to March 2024 including those tw o months, over 23.743.475.754 outstanding shares as of the date of this meeting. Application of the equity method Witholding tax on dividends Net Income

2,541,179

(7,111,764)

467,487

(1,025,718)

14,690

(2,541,179)

-

6,644,277

-

(1,025,718)

325,437

325,437

14,690

415,940

415,940

Balance as of March 31st 2023

Ps.

23,743 Ps.

9,695,243 Ps.

11,872 Ps.

7,220,883 Ps.

236,826

0 Ps.

415,940 Ps.

(911,882) Ps.

16,692,625

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Grupo Aval Acciones y Valores SA published this content on 17 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2023 21:08:04 UTC.