Grupo Aval Reports 4Q2023 and FY2023 Results
Ticker: AVAL · Form: 6-K · Filed: Mar 6, 2024 · CIK: 1504764
| Field | Detail |
|---|---|
| Company | Grupo Aval Acciones Y Valores S.A. (AVAL) |
| Form Type | 6-K |
| Filed Date | Mar 6, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-results, IFRS, quarterly-report
TL;DR
Grupo Aval dropped its 4Q2023 and full-year 2023 results, all under IFRS.
AI Summary
Grupo Aval Acciones y Valores S.A. filed a 6-K report on March 6, 2024, detailing its consolidated financial results for the fourth quarter (4Q2023) and the full fiscal year 2023. The report provides financial information in Colombian Pesos (Ps) billions, prepared under International Financial Reporting Standards (IFRS).
Why It Matters
This filing provides investors with key financial performance data for Grupo Aval, enabling them to assess the company's profitability and financial health for the recent reporting periods.
Risk Assessment
Risk Level: low — This is a routine financial results disclosure, not indicating any immediate operational or financial distress.
Key Players & Entities
- Grupo Aval Acciones y Valores S.A. (company) — Registrant
- 4Q2023 (date) — Reporting period
- FY 2023 (date) — Reporting period
- Ps billions (dollar_amount) — Financial reporting unit
FAQ
What is the primary purpose of this 6-K filing?
The primary purpose of this 6-K filing is to report the consolidated financial results of Grupo Aval Acciones y Valores S.A. for the fourth quarter of 2023 (4Q2023) and the full fiscal year 2023.
Under which accounting standards are the reported results prepared?
The reported financial results are prepared under International Financial Reporting Standards (IFRS).
In what currency and scale are the financial figures presented?
The financial information is reported in Colombian Pesos (Ps) and presented in billions (thousands of millions).
What is the filing date of this report?
This 6-K report was filed on March 6, 2024.
Does Grupo Aval file annual reports under Form 20-F or 40-F?
Yes, Grupo Aval indicates it files annual reports under cover of Form 20-F.
Filing Stats: 4,387 words · 18 min read · ~15 pages · Grade level 4 · Accepted 2024-03-05 20:41:38
Filing Documents
- dp207999_6k.htm (6-K) — 1322KB
- image_001.jpg (GRAPHIC) — 20KB
- image_002.jpg (GRAPHIC) — 13KB
- image_003.jpg (GRAPHIC) — 9KB
- image_004.jpg (GRAPHIC) — 6KB
- image_005.jpg (GRAPHIC) — 2KB
- image_006.jpg (GRAPHIC) — 16KB
- image_007.jpg (GRAPHIC) — 6KB
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- image_009.jpg (GRAPHIC) — 12KB
- image_010.jpg (GRAPHIC) — 9KB
- 0000950103-24-003465.txt ( ) — 1471KB
Financial Statements Under IFRS
Financial Statements Under IFRS Financial Information in Ps. Billions Consolidated 4Q22 3Q23 4Q23 4Q23 vs. 3Q23 4Q23 vs. 4Q22 Cash and cash equivalents 17,032.9 18,382.3 18,597.9 1.2% 9.2% Trading assets 11,841.4 12,936.0 15,451.1 19.4% 30.5% Investment securities 33,674.5 33,712.1 34,425.7 2.1% 2.2% Hedging derivatives assets 20.9 34.0 48.7 43.3% 133.3% Total loans, net 179,115.8 178,447.7 176,168.1 -1.3% -1.6% Tangible assets 7,235.4 7,038.7 6,995.9 -0.6% -3.3% Goodwill 2,248.2 2,210.7 2,202.2 -0.4% -2.0% Concession arrangement rights 13,242.7 13,571.9 13,557.3 -0.1% 2.4% Other assets 31,179.4 32,399.2 33,734.8 4.1% 8.2% Total assets 295,591.2 298,732.5 301,181.6 0.8% 1.9% Trading liabilities 1,757.6 1,258.7 2,154.4 71.2% 22.6% Hedging derivatives liabilities 3.6 116.0 217.6 87.6% N.A. Customer deposits 173,341.1 180,296.3 181,987.4 0.9% 5.0% Interbank borrowings and overnight funds 9,087.9 15,322.5 15,081.9 -1.6% 66.0% Borrowings from banks and others 30,309.4 23,589.1 22,218.5 -5.8% -26.7% Bonds issued 28,362.2 24,641.6 23,427.8 -4.9% -17.4% Borrowings from development entities 4,357.3 4,926.2 4,813.1 -2.3% 10.5% Other liabilities 17,550.5 17,827.6 19,760.5 10.8% 12.6% Total liabilities 264,769.6 267,978.1 269,661.2 0.6% 1.8% Equity attributable to owners of the parent 16,467.0 16,381.6 16,782.7 2.4% 1.9% Non-controlling interest 14,354.7 14,372.8 14,737.7 2.5% 2.7% Total equity 30,821.7 30,754.4 31,520.4 2.5% 2.3% Total liabilities and equity 295,591.2 298,732.5 301,181.6 0.8% 1.9% Consolidated 4Q22 3Q23 4Q23 4Q23 vs. 3Q23 4Q23 vs. 4Q22 Interest income 6,143.6 7,334.6 7,421.9 1.2% 20.8% Interest expens