BANCO GNB SUDAMERIS S.A. AND ITS SUBSIDIARIES

Transcription

1 Consolidated Statements of Financial Position As of March 31, 2018 and December 31, 2017 ASSETS March 31, 2018 December 31, 2017 LIABILITIES AND EQUITY March 31, 2018 December 31, 2017 ASSETS LIABILITIES CASH AND CASH EQUIVALENTS (Nota 9) FINANCIAL LIABILITIES AT FAIR VALUE Derivatives instruments (Nota 10) FINANCIAL ASSETS AT FAIR VALUE THROUG PROFIT OR LOSS FINANCIAL LIABILITIES AT AMORTIZED COST Debt securities (Nota 10) Equity securities (Nota 10) Customer deposits Total securities Current accounts Savings accounts Derivatives instruments (Nota 10) Term deposits Total financial assets at fair value (Nota 19) Financial obligations Short-term financial debt AT AMORTIZED COST Borrowings from development entities Debt securities at amortized cost, net (Nota 10) Total debt (Nota 20) Loans Long-term financial debt (Nota 20) Commercial (Nota 11) Total financial obligations Consumer (Nota 11) Home mortgage (Nota 11) EMPLOYEE BENEFITS (Nota 21) Provisions (Nota 11) ( ) ( ) Total loans, net PROVISIONS Legal contingencies (Nota 22) Other accounts receivable, net (Nota 12) Other provisions (Nota 22) Total financial assets at amortized cost INCOME TAX Current (Paraguay) (Nota 17) Deferred (Nota 23) NON-CURRENT ASSETS HELD FOR SALE (Nota 13) OTHER LIABILITIES (Nota 24) TANGIBLE ASSETS, NET Investment properties (Nota 15) TOTAL LIABILITIES Property and equipment in own use (Nota 14) Total Tangible Assets EQUITY INTANGIBLE ASSETS, NET Controlling interests Goodwill (Nota 16) Subscribed and paid capital (Nota 25) Other intangibles assets (Nota 16) Share premium Total Intangibles Assets Retained earnings Reserves (Nota 25) INCOME TAX Net income of the year Current (Nota 17) Acummulated retained earnings (58.725) (99.853) Deferred (Perú and Paraguay) (Nota 23) Other comprehensive income Total equity of controlling interests OTHER ASSETS (Nota 18) Non-controlling interests TOTAL EQUITY TOTAL ASSETS TOTAL LIABILITIES AND EQUITY Véanse las notas que forman parte integral de los estados financieros consolidados.

2 Consolidated Statements of Income Interest income and similars Loan portfolio interest Valuation of financial asset investments in debt securities at amortized cost Other interest Total income from interest and valuations Interest expenses Deposits Current accounts Term deposits Savings accounts Total interest expense on deposits Financial debt and other interest Short-term financial debt Bank borrowings and others Long-term financial debt Borrowing from development entities Total interest expense Net interest and similars Impairment loss on financial assets Loans and receivables ( ) ( ) Foreclosed assets (1.150) (5.936) Impairment loss on investments (2.501) - Recovery provision of impairment loss on loans and receivables Net interest after impairment loss on financial assets Commissions and fees (Nota 26) Income from commissions and fees Expenses in commissions and fees (17.600) (14.208) Net income from commissions and fees Valuation of financial assets at fair value Derivatives instruments (1.308) Debt securities Equity securities (793) - Income from valuation at fair value, net Net interest and valuation income Other income (Nota 27) Proceeds from sale of invesments Dividends Exchange differences, net Others Total other income Other expenses (Nota 28) Personnel expenses Loss on sale of investments Administrative expenses Depreciation Amortization Others Total other expenses Net income before income tax Income tax (Nota 17) (18.700) (14.449) NET INCOME Net income for the year attributable to: Controlling interests Non-controlling interests Net income per share of controlling interests (in Colombian pesos) Véanse las notas que forman parte integral de los estados financieros consolidados.

3 Consolidated Statements of Changes in Equity Retained earnings Share Net income Acummulated Retained Other Comprehensive Total controlling Non-controlling Capital premium Reserves for the period retained earnings earnings Results interests interests Equity Balance at December 31, (99.014) Profits appropiated to Mandatory Reserve ( ) (21.822) (9.272) - (9.272) - (9.272) Net movement of other comprehensive income Accrual of Wealth Tax - - (5.199) - - (5.199) - (5.199) - (5.199) Non-controlling interests (1.974) (1.974) Net income of the period Balance at March 31, 2017 $ ( ) Retained earnings Other Share Net income Acummulated Retained Comprehensive Total controlling Non-controlling Capital premium Reserves for the period retained earnings earnings Results interests interests Equity Balance at December 31, 2017 $ (99.853) Profits appropiated to Mandatory Reserve ( ) Net movement of other comprehensive income (42.964) (42.964) - (42.964) Adjustments to Full IFRS - Contingent Interests Accrual of dividends - - (56.369) - - (56.369) - (56.369) - (56.369) Exchange Differences, Subsidiaries outside Colombia Non-controlling interests Net income of the period Balance at March 31, 2018 $ (58.725)

4 Consolidated Statements of Cash Flows Cash flows from operating activities Net income of the year $ Reconciliation of net income of the year and the cash (used ind) provided by operating activities Income tax expense Depreciation Amortization Impairment loss on financial assets Recoveries of loss on financial assets (93.372) (89.956) Income valuation on derivatives instruments (1.365) Interest on debt securities at amortized cost (2.883) (12.785) Income from valuation at fair value and exchange difference ( ) Profit on sale of investments (5.375) 96 Interest paid on long-term debt at amortized cost (58.435) Changes in operating assets and liabilities Interest received Interest paid (30.862) (Increase) decrease in loans ( ) Decrease (Increase) in other receivables (152) Decrease (increase) in customer deposits (Increase) decrease in other assets (20.272) (26.725) Decrease in other liabilities Increase (Decrease) in provisions (18.069) (391) Decrease (increase) in employee benefit plans (737) (2.162) Variation in investments - debt securities at fair value ( ) ( ) Variation in investments - equity securities (10.865) 104 Short-term obligations receipts Short-term obligations payments ( ) ( ) New borrowings with development entities Payments of borrowings with development entities ( ) ( ) Increase in non-current assets held for sale (1.425) (30.117) Variation in deferred tax (4.789) (391) Variation in operations with derivatives (6.627) Dividends received - (895) (83.947) ( ) Net cash provided by (used in) operating activities (27.952) (42.255) Cash flows from investment activities Acquisition of property and equipment (433) ( ) Increase in intangible assets, net Variation in investments - debt securities at amortized cost (29.104) Decrease in investment properties Net cash provided by investment activities (27.899) Cash flows from financing activities Long-term financial debt - (2.724) Interest paid for long-term financial debt (67.418) (29.639) Non-controlling interests 18 (1.973) Net cash provided by (used in) financing activities (67.400) (34.336) Effect of changes in the exchange rate of cash and cash equivalents ( ) - Net increase (decrease) in cash and cash equivalents ( ) Cash and cash equivalent at the beginning of the year Cash and cash equivalent at the end of the year $

5 Consolidated Statements of Other Comprehensive Income NET INCOME FOR THE PERIOD $ Components of other comprehensive income, net of taxes IItems that may be or are reclassified to profit or loss Gains (losses) on equity financial instruments (4.232) 927 Translations adjustment on foreing subsidiaries financial statement (69.810) (35.770) Exchange difference on hedging foreing long-term financial liabilities Differences between loan impairments provision recorded in separate and consolidated financial statements calculation (73.850) (39.335) Deferred income tax Other Items that will not be reclassified to profit or loss (46.466) Revaluation surplus (107) Profit (loss) on employee benefits Deferred tax on items that will nolt be reclassified to profit or loss (1.777) - Total other comprehensive results during the year, net of tax $ (42.964) Total Other Comprehensive Results for the period $