166
FINANCIAL STATEMENTS AND NOTES
167
STATEMENT OF FINANCIAL POSITION
Assets | Notes | 2016 | 2015 |
As at december 31 2016
Liabilities and equity | Notas | 2016 | 2015 |
(Amounts expressed in million of Colombian pesos)
NON-CURRENT ASSETS | EQUITY | ||||||
Properties, plant and equipment | 6 | 7,130,905 | 7,268,038 | Share capital | 12 | 133,578 | 133,578 |
Intangible assets | 7 | 69,989 | 73,535 | Reserves | 13 | 1,994,431 | 1,697,050 |
Commercial receivables accounts and other | Capital surplus | 49,344 | 49,344 | ||||
Retained earnings | 33 | 1,282,946 | 1,284,227 | ||||
Inventories 10 62,058- | Comprehensive income | 132,727 | 296,100 | ||||
Long-term investments 8484 | TOTAL SHAREHOLDER´S EQUITY | 3,593,026 | 3,460,299 |
receivables accounts | 8 | 72,758 | 43,322 |
Cash and cash equivalents | 11 | 4,386 | 3,622 |
Other assets | 9 | 908 909 | |
TOTAL NON-CURRENT ASSETS | 7,341,088 7,389,510 | ||
CURRENT ASSETS |
Inventories 10 19,40397,705 Commercial receivables accounts and other
receivables accounts 8498,985475,313
NON-CURRENT LIABILITIES | |||
Borrowings | 14 | 3,399,212 | 3,427,738 |
Deferred income tax | 15 | 693,743 | 683,425 |
Employee benefits | 16 | 117,052 | 105,546 |
Provisions | 18 | 15,630 | 4,201 |
Other assets | 9 | 38,774 43,534 |
Cash and cash equivalents | 11 | 400,730 362,713 |
TOTAL CURRENT ASSETS | 957,892 979,265 |
Accounts payable | 19 | 137,091 | 298,148 |
Borrowings | 14 | 282,864 | 310,486 |
Taxes, contributions and rates | 17 | 11,262 | 16,773 |
Employee benefits | 16 | 18,140 | 18,624 |
Provisions | 18 | 441 | 802 |
Other liabilities | 20 | 16,399 | 28,793 |
Total current liabilities | 466,197 | 673,626 | |
TOTAL LIABILITIES | 4,705,954 | 4,908,476 | |
TOTAL LIABILITIES AND EQUITY | 8,298,980 | 8,368,775 |
The accompanying notes form an integral part of the financial statements.
ORIGINAL DOCUMENT SIGNED
ORIGINAL DOCUMENT SIGNED
ORIGINAL DOCUMENT SIGNED
Luis Fernando Rico PinzónCEO
Elvia Luz Restrepo SaldarriagaAccountant Professional Card.
No. 37982-T
Jorge Enrique Múnera DurangoStatutary Auditor Professional Card No. 25295-T Designed by Deloitte & Touche Ltda.
(See enclosed report)
168
STATEMENT OF INCOME AND OTHER COMPREHENSIVE INCOME
For the year ended december 31 2016
(Amounts expressed in million of Colombian pesos)
Notes | 2016 | 2015 |
Revenues (**) | 21 | 2,747,422 | 2,844,022 |
Cost of sales (**) | 22 | (1,932,036) | (1,752,593) |
GROSS PROFIT | 815,386 | 1,091,429 | |
Other income | 23 | 37,309 | 26,984 |
Administrative expenses | 24 | (154,565) | (153,535) |
Other expenses | 25 | (92,220) | (31,974) |
Financial income | 26 | 119,060 | 76,845 |
Financial expenses | 27 | (491,461) | (514,964) |
PROFIT BEFORE TAX INCOME TAX EXPENSE Current | 17 | 233,509 (77,967) | 494,785 (81,651) |
Deferred | 15 y 31 | (14,665) | (115,753) |
(92,632) | (197,404) | ||
NET PROFIT | 140,877 | 297,381 | |
OTHER COMPREHENSIVE (LOSS) INCOME Items that will not be reclassified into gains and losses: Actuarial losses from defined benefit plans | 31 31 | (12,496) | (1,941) |
ORIGINAL DOCUMENT SIGNED
Luis Fernando Rico PinzónCEO
Income tax related to components of other comprehensive
income15 y 31 4,346660
Other comprehensive (loss) income for the year after tax (8,150)(1,281) COMPREHENSIVE INCOME 132,727296,100 BASIC AND DILUTED EARNINGS PER SHARE (*) 2849109,09(*) Figure expressed in colombian pesos
The accompanying notes form an integral part of the financial statements.
ORIGINAL DOCUMENT SIGNED
Elvia Luz Restrepo SaldarriagaAccountant Professional Card.
No. 37982-T
ORIGINAL DOCUMENT SIGNED
Jorge Enrique Múnera DurangoStatutary Auditor Professional
Card No. 25295-T
Designed by Deloitte & Touche
Ltda.
(See enclosed report)
169
STATEMENT OF CHANGES IN EQUITY
For the year ended december 31 2016
(Amounts expressed in million of Colombian pesos)
Share capital | Capital surplus | Reserves | Retained earnings | Other comprensive (loss) income | Total |
Appropriations made by the General Meeting of
Shareholders65,426 - 21,307 (86,733) - -
Cash dividends ($176.56* per share)- - (131,465) (349,850) - (481,315) Actuarial losses - - - - (1,281) (1,281)
Net profit- - - 297,381 - 297,381
Balances as at December 31, 2015 133,578 49,344 1,697,050 1,565,643 14,684 3,460,299- - | - - | 297,381 - | (297,381) - | - (8,150) | - (8,150) |
- | - | - | 140,877 | - | 140,877 |
133,578 | 49,344 | 1,994,431 | 1,409,139 | 6,534 | 3,593,026 |
12 | 13 | 31 |
Appropriations made by the General Meeting of Shareholders
Actuarial losses
Net profit
Balances as at December 31, 2016Notes:
* Figure expressed in Colombian pesos
The accompanying notes form an integral part of the financial statements.
ORIGINAL DOCUMENT SIGNED
Luis Fernando Rico PinzónCEO
ORIGINAL DOCUMENT SIGNED
Elvia Luz Restrepo SaldarriagaAccountant Professional Card.
No. 37982-T
ORIGINAL DOCUMENT SIGNED
Jorge Enrique Múnera DurangoStatutary Auditor Professional Card No. 25295-T Designed by Deloitte & Touche Ltda.
(See enclosed report)
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