Form 20-F þ | Form 40-F o |
Yes o | No þ |
BANCOLOMBIA S.A. | Growth | |||||||||||||||||||||||
BALANCE SHEET | As of | Apr07/Mar07 | Annual | |||||||||||||||||||||
(Ps Millions) | Apr-06 | Mar-07 | Apr-06 | $ | % | % | ||||||||||||||||||
ASSETS |
||||||||||||||||||||||||
Cash and due from banks |
1,045,932 | 1,619,057 | 2,865,659 | 1,246,602 | 77.00 | % | 173.98 | % | ||||||||||||||||
Overnight funds sold |
63,413 | 1,003,168 | 818,915 | -184,253 | -18.37 | % | 1191.40 | % | ||||||||||||||||
Total cash and equivalents |
1,109,345 | 2,622,225 | 3,684,574 | 1,062,349 | 40.51 | % | 232.14 | % | ||||||||||||||||
Debt securities |
6,819,827 | 4,217,210 | 3,936,616 | -280,594 | -6.65 | % | -42.28 | % | ||||||||||||||||
Trading |
4,672,888 | 1,840,863 | 1,696,308 | -144,555 | -7.85 | % | -63.70 | % | ||||||||||||||||
Available for Sale |
1,086,093 | 1,260,883 | 1,139,126 | -121,757 | -9.66 | % | 4.88 | % | ||||||||||||||||
Held to Maturity |
1,060,846 | 1,115,464 | 1,101,182 | -14,282 | -1.28 | % | 3.80 | % | ||||||||||||||||
Equity securities |
908,172 | 1,081,727 | 960,204 | -121,523 | -11.23 | % | 5.73 | % | ||||||||||||||||
Trading |
3,573 | 120,934 | 578 | -120,356 | -99.52 | % | -83.82 | % | ||||||||||||||||
Available for Sale |
904,599 | 960,793 | 959,626 | -1,167 | -0.12 | % | 6.08 | % | ||||||||||||||||
Market value allowance |
-59,819 | -29,614 | -29,702 | -88 | 0.30 | % | -50.35 | % | ||||||||||||||||
Net investment securities |
7,668,180 | 5,269,323 | 4,867,118 | -402,205 | -7.63 | % | -36.53 | % | ||||||||||||||||
Commercial loans |
10,225,019 | 13,620,491 | 14,000,684 | 380,193 | 2.79 | % | 36.93 | % | ||||||||||||||||
Consumer loans |
2,116,746 | 2,824,068 | 2,863,927 | 39,859 | 1.41 | % | 35.30 | % | ||||||||||||||||
Small business loans |
111,900 | 123,044 | 121,756 | -1,288 | -1.05 | % | 8.81 | % | ||||||||||||||||
Mortgage loans |
1,562,463 | 1,705,501 | 1,797,894 | 92,393 | 5.42 | % | 15.07 | % | ||||||||||||||||
Allowance for loans and financial leases losses |
-532,128 | -656,995 | -656,957 | 38 | -0.01 | % | 23.46 | % | ||||||||||||||||
Net total loans and financial leases |
13,484,000 | 17,616,109 | 18,127,304 | 511,195 | 2.90 | % | 34.44 | % | ||||||||||||||||
Accrued interest receivable on loans |
163,641 | 186,482 | 204,684 | 18,202 | 9.76 | % | 25.08 | % | ||||||||||||||||
Allowance for accrued interest losses |
-6,848 | -8,948 | -8,956 | -8 | 0.09 | % | 30.78 | % | ||||||||||||||||
Net total interest accrued |
156,793 | 177,534 | 195,728 | 18,194 | 10.25 | % | 24.83 | % | ||||||||||||||||
Customers acceptances and derivatives |
100,509 | 173,456 | 193,835 | 20,379 | 11.75 | % | 92.85 | % | ||||||||||||||||
Net accounts receivable |
234,340 | 383,756 | 308,803 | -74,953 | -19.53 | % | 31.78 | % | ||||||||||||||||
Net premises and equipment |
343,126 | 364,712 | 362,925 | -1,787 | -0.49 | % | 5.77 | % | ||||||||||||||||
Foreclosed assets |
23,895 | 17,310 | 13,986 | -3,324 | -19.20 | % | -41.47 | % | ||||||||||||||||
Prepaid expenses and deferred charges |
26,995 | 21,256 | 27,353 | 6,097 | 28.68 | % | 1.33 | % | ||||||||||||||||
Goodwill |
43,409 | 33,250 | 30,946 | -2,304 | -6.93 | % | -28.71 | % | ||||||||||||||||
Other |
291,182 | 366,404 | 354,999 | -11,405 | -3.11 | % | 21.92 | % | ||||||||||||||||
Reappraisal of assets |
640,692 | 666,123 | 896,479 | 230,356 | 34.58 | % | 39.92 | % | ||||||||||||||||
Total assets |
24,122,466 | 27,711,458 | 29,064,050 | 1,352,592 | 4.88 | % | 20.49 | % | ||||||||||||||||
LIABILITIES AND SHAREHOLDERS EQUITY | ||||||||||||||||||||||||
LIABILITIES |
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DEPOSITS |
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Non-interest bearing |
3,249,310 | 4,243,345 | 4,124,970 | -118,375 | -2.79 | % | 26.95 | % | ||||||||||||||||
Checking accounts |
2,966,503 | 3,806,841 | 3,836,485 | 29,644 | 0.78 | % | 29.33 | % | ||||||||||||||||
Other |
282,807 | 436,504 | 288,485 | -148,019 | -33.91 | % | 2.01 | % | ||||||||||||||||
Interest bearing |
10,623,450 | 14,651,045 | 15,244,686 | 593,641 | 4.05 | % | 43.50 | % | ||||||||||||||||
Checking accounts |
286,914 | 340,987 | 358,588 | 17,601 | 5.16 | % | 24.98 | % | ||||||||||||||||
Time deposits |
3,219,405 | 3,556,292 | 3,548,566 | -7,726 | -0.22 | % | 10.22 | % | ||||||||||||||||
Savings deposits |
7,117,131 | 10,753,766 | 11,337,532 | 583,766 | 5.43 | % | 59.30 | % | ||||||||||||||||
Total deposits |
13,872,760 | 18,894,390 | 19,369,656 | 475,266 | 2.52 | % | 39.62 | % | ||||||||||||||||
Overnight funds |
1,066,033 | 546,452 | 686,119 | 139,667 | 25.56 | % | -35.64 | % | ||||||||||||||||
Bank acceptances outstanding |
57,031 | 53,284 | 51,205 | -2,079 | -3.90 | % | -10.22 | % | ||||||||||||||||
Interbank borrowings |
1,673,587 | 1,581,683 | 2,210,286 | 628,603 | 39.74 | % | 32.07 | % | ||||||||||||||||
Borrowings from domestic development banks |
1,071,513 | 749,447 | 907,071 | 157,624 | 21.03 | % | -15.35 | % | ||||||||||||||||
Accounts payable |
1,636,237 | 1,533,197 | 1,176,300 | -356,897 | -23.28 | % | -28.11 | % | ||||||||||||||||
Accrued interest payable |
133,625 | 114,746 | 125,522 | 10,776 | 9.39 | % | -6.06 | % | ||||||||||||||||
Other liabilities |
264,173 | 258,525 | 268,733 | 10,208 | 3.95 | % | 1.73 | % | ||||||||||||||||
Bonds |
1,041,314 | 560,185 | 532,050 | -28,135 | -5.02 | % | -48.91 | % | ||||||||||||||||
Accrued expenses |
275,761 | 290,666 | 340,517 | 49,851 | 17.15 | % | 23.48 | % | ||||||||||||||||
Total liabilities |
21,092,034 | 24,582,575 | 25,667,459 | 1,084,884 | 4.41 | % | 21.69 | % | ||||||||||||||||
SHAREHOLDERS EQUITY |
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Subscribed and paid in capital |
363,914 | 363,914 | 363,914 | | 0.00 | % | 0.00 | % | ||||||||||||||||
Retained earnings |
1,509,057 | 1,647,070 | 1,695,503 | 48,433 | 2.94 | % | 12.36 | % | ||||||||||||||||
Appropiated |
1,228,943 | 1,424,104 | 1,424,104 | | 0.00 | % | 15.88 | % | ||||||||||||||||
Unappropiated |
280,114 | 222,966 | 271,399 | 48,433 | 21.72 | % | -3.11 | % | ||||||||||||||||
Reappraisal and others |
1,135,421 | 1,125,001 | 1,355,429 | 230,428 | 20.48 | % | 19.38 | % | ||||||||||||||||
Gross unrealized gain or loss on debt securities |
22,040 | (7,102 | ) | (18,255 | ) | (11,153 | ) | 157.04 | % | -182.83 | % | |||||||||||||
Total shareholders equity |
3,030,432 | 3,128,883 | 3,396,591 | 267,708 | 8.56 | % | 12.08 | % | ||||||||||||||||
Total liabilities and shareholders equity |
24,122,466 | 27,711,458 | 29,064,050 | 1,352,592 | 4.88 | % | 20.49 | % | ||||||||||||||||
BANCOLOMBIA S.A. | Growth | Growth | ||||||||||||||||||||||
INCOME STATEMENT | Accumulated | Annual | Month | Month | ||||||||||||||||||||
(Ps Millions) | Apr-06 | Apr-07 | % | Mar-07 | Apr-07 | % | ||||||||||||||||||
Interest income and expenses |
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Interest on loans |
566,490 | 758,141 | 33.83 | % | 198,244 | 205,108 | 3.46 | % | ||||||||||||||||
Interest on investment securities |
70,530 | 87,484 | 24.04 | % | 26,902 | 29,831 | 10.89 | % | ||||||||||||||||
Overnight funds |
7,681 | 14,794 | 92.61 | % | 3,445 | 4,632 | 34.46 | % | ||||||||||||||||
Total interest income |
644,701 | 860,419 | 33.46 | % | 228,591 | 239,571 | 4.80 | % | ||||||||||||||||
Interest expense
Checking accounts |
2,557 | 5,964 | 133.24 | % | 1,473 | 1,263 | -14.26 | % | ||||||||||||||||
Time deposits |
69,685 | 78,822 | 13.11 | % | 19,846 | 20,975 | 5.69 | % | ||||||||||||||||
Savings deposits |
72,192 | 132,559 | 83.62 | % | 37,697 | 38,978 | 3.40 | % | ||||||||||||||||
Total interest on deposits |
144,434 | 217,345 | 50.48 | % | 59,016 | 61,216 | 3.73 | % | ||||||||||||||||
Interbank borrowings |
37,531 | 24,915 | -33.61 | % | 5,165 | 9,970 | 93.03 | % | ||||||||||||||||
Borrowings from domestic development banks |
19,845 | 16,590 | -16.40 | % | 4,065 | 4,696 | 15.52 | % | ||||||||||||||||
Overnight funds |
16,282 | 24,858 | 52.67 | % | 6,272 | 3,092 | -50.70 | % | ||||||||||||||||
Bonds |
28,882 | 16,615 | -42.47 | % | 3,945 | 3,805 | -3.55 | % | ||||||||||||||||
Total interest expense |
246,974 | 300,323 | 21.60 | % | 78,463 | 82,779 | 5.50 | % | ||||||||||||||||
Net interest income |
397,727 | 560,096 | 40.82 | % | 150,128 | 156,792 | 4.44 | % | ||||||||||||||||
Provision for loan and accrued interest losses, net |
(60,326 | ) | (80,612 | ) | 33.63 | % | (17,681 | ) | (28,914 | ) | 63.53 | % | ||||||||||||
Recovery of charged-off loans |
19,146 | 17,269 | -9.80 | % | 4,030 | 3,934 | -2.38 | % | ||||||||||||||||
Provision for foreclosed assets and other assets |
(10,384 | ) | (7,417 | ) | -28.57 | % | (1,867 | ) | (2,895 | ) | 55.06 | % | ||||||||||||
Recovery of provisions for foreclosed assets and other assets |
8,659 | 29,369 | 239.17 | % | 4,471 | 3,446 | -22.93 | % | ||||||||||||||||
Total net provisions |
(42,905 | ) | (41,391 | ) | -3.53 | % | (11,047 | ) | (24,429 | ) | 121.14 | % | ||||||||||||
Net interest income after provision for loans
and accrued interest losses |
354,822 | 518,705 | 46.19 | % | 139,081 | 132,363 | -4.83 | % | ||||||||||||||||
Commissions from banking services and other services |
22,347 | 26,336 | 17.85 | % | 7,915 | 6,129 | -22.56 | % | ||||||||||||||||
Electronic services and ATMs fees, net |
28,028 | 22,180 | -20.86 | % | 6,038 | 4,691 | -22.31 | % | ||||||||||||||||
Branch network services, net |
16,835 | 31,549 | 87.40 | % | 8,534 | 7,462 | -12.56 | % | ||||||||||||||||
Collections and payments fees, net |
21,867 | 33,273 | 52.16 | % | 8,963 | 8,346 | -6.88 | % | ||||||||||||||||
Credit card merchant fees, net |
3,102 | 7,919 | 155.29 | % | 1,473 | 1,800 | 22.20 | % | ||||||||||||||||
Credit and debit card fees, net |
79,144 | 77,131 | -2.54 | % | 16,039 | 20,584 | 28.34 | % | ||||||||||||||||
Checking fees, net |
18,981 | 21,467 | 13.10 | % | 5,995 | 5,182 | -13.56 | % | ||||||||||||||||
Check remittance, net |
3,677 | 3,517 | -4.35 | % | 862 | 819 | -4.99 | % | ||||||||||||||||
International operations, net |
7,402 | 10,922 | 47.55 | % | 2,633 | 2,751 | 4.48 | % | ||||||||||||||||
Total fees and other service income |
201,383 | 234,294 | 16.34 | % | 58,452 | 57,764 | -1.18 | % | ||||||||||||||||
Other fees and service expenses |
(22,581 | ) | (29,323 | ) | 29.86 | % | (7,579 | ) | (7,185 | ) | -5.20 | % | ||||||||||||
Total fees and income from services, net |
178,802 | 204,971 | 14.64 | % | 50,873 | 50,579 | -0.58 | % | ||||||||||||||||
Other operating income |
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Net foreign exchange gains |
34,681 | (30,464 | ) | -187.84 | % | (8,737 | ) | (17,128 | ) | 96.04 | % | |||||||||||||
Forward contracts in foreign currency |
(17,638 | ) | 54,768 | -410.51 | % | 24,038 | 27,472 | 14.29 | % | |||||||||||||||
Gains(Loss) on sales of investments on equity securities |
42,127 | (13,208 | ) | -131.35 | % | | 111 | * | ||||||||||||||||
Gains on sale of mortgage loan |
| | 0.00 | % | | | 0.00 | % | ||||||||||||||||
Dividend income |
128,490 | 121,964 | -5.08 | % | 66,544 | 33 | -99.95 | % | ||||||||||||||||
Communication, rent payments and others |
514 | 474 | -7.78 | % | 117 | 112 | -4.27 | % | ||||||||||||||||
Total other operating income |
188,174 | 133,534 | -29.04 | % | 81,962 | 10,600 | -87.07 | % | ||||||||||||||||
Total income |
721,798 | 857,210 | 18.76 | % | 271,916 | 193,542 | -28.82 | % | ||||||||||||||||
Operating expenses |
||||||||||||||||||||||||
Salaries and employee benefits |
174,170 | 197,500 | 13.39 | % | 49,493 | 49,738 | 0.50 | % | ||||||||||||||||
Bonus plan payments |
6,600 | 13,734 | 108.09 | % | 2,831 | 3,547 | 25.29 | % | ||||||||||||||||
Compensation |
852 | 8,072 | 847.42 | % | 1,002 | 2,186 | 118.16 | % | ||||||||||||||||
Administrative and other expenses |
211,323 | 258,873 | 22.50 | % | 65,417 | 67,063 | 2.52 | % | ||||||||||||||||
Deposit security, net |
17,486 | 12,756 | -27.05 | % | 3,527 | 2,175 | -38.33 | % | ||||||||||||||||
Donation expenses |
53 | 128 | 141.51 | % | 29 | 29 | 0.00 | % | ||||||||||||||||
Depreciation |
23,108 | 24,061 | 4.12 | % | 5,997 | 6,031 | 0.57 | % | ||||||||||||||||
Total operating expenses |
433,592 | 515,124 | 18.80 | % | 128,296 | 130,769 | 1.93 | % | ||||||||||||||||
Net operating income |
288,206 | 342,086 | 18.69 | % | 143,620 | 62,773 | -56.29 | % | ||||||||||||||||
Merger expenses |
6,632 | | * | | | 0.00 | % | |||||||||||||||||
Goodwill amortization |
7,548 | 9,218 | 22.13 | % | 2,305 | 2,304 | -0.04 | % | ||||||||||||||||
Non-operating income (expense) |
||||||||||||||||||||||||
Other income |
86,992 | 33,091 | -61.96 | % | 6,008 | 10,855 | 80.68 | % | ||||||||||||||||
Other expense |
(16,502 | ) | (17,691 | ) | 7.21 | % | (4,841 | ) | (2,681 | ) | -44.62 | % | ||||||||||||
Total non-operating income |
70,490 | 15,400 | -78.15 | % | 1,167 | 8,174 | 600.43 | % | ||||||||||||||||
Income before income taxes |
344,516 | 348,268 | 1.09 | % | 142,482 | 68,643 | -51.82 | % | ||||||||||||||||
Income tax expense |
(64,402 | ) | (76,869 | ) | 19.36 | % | (31,159 | ) | (20,210 | ) | -35.14 | % | ||||||||||||
Net income |
280,114 | 271,399 | -3.11 | % | 111,323 | 48,433 | -56.49 | % | ||||||||||||||||
BANCOLOMBIA S.A. (Registrant) |
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Date: May 14, 2007 | By: | /s/ JAIME ALBERTO VELÁSQUEZ B. | ||
Name: | Jaime Alberto Velásquez B. | |||
Title: | Vice President of Finance | |||