Form 20-F þ
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Form 40-F o |
Yes o
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No þ |
BANCOLOMBIA S.A. | Growth | |||||||||||||||||||||||
BALANCE SHEET | As of | May07/Apr07 | Annual | |||||||||||||||||||||
(Ps Millions) | May-06 | Apr-07 | May-07 | $ | % | % | ||||||||||||||||||
ASSETS |
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Cash and due from banks |
1,064,137 | 2,865,659 | 1,414,014 | -1,451,645 | -50.66 | % | 32.88 | % | ||||||||||||||||
Overnight funds sold |
119,010 | 818,915 | 431,209 | -387,706 | -47.34 | % | 262.33 | % | ||||||||||||||||
Total cash and equivalents |
1,183,147 | 3,684,574 | 1,845,223 | -1,839,351 | -49.92 | % | 55.96 | % | ||||||||||||||||
Debt securities |
6,791,029 | 3,936,616 | 3,995,659 | 59,043 | 1.50 | % | -41.16 | % | ||||||||||||||||
Trading |
4,241,033 | 1,696,308 | 1,839,681 | 143,373 | 8.45 | % | -56.62 | % | ||||||||||||||||
Available for Sale |
1,488,197 | 1,139,126 | 1,067,918 | -71,208 | -6.25 | % | -28.24 | % | ||||||||||||||||
Held to Maturity |
1,061,799 | 1,101,182 | 1,088,060 | -13,122 | -1.19 | % | 2.47 | % | ||||||||||||||||
Equity securities |
945,192 | 960,204 | 955,158 | -5,046 | -0.53 | % | 1.05 | % | ||||||||||||||||
Trading |
2,800 | 578 | 597 | 19 | 3.29 | % | -78.68 | % | ||||||||||||||||
Available for Sale |
942,392 | 959,626 | 954,561 | -5,065 | -0.53 | % | 1.29 | % | ||||||||||||||||
Market value allowance |
-59,760 | -29,702 | -29,789 | -87 | 0.29 | % | -50.15 | % | ||||||||||||||||
Net investment securities |
7,676,461 | 4,867,118 | 4,921,028 | 53,910 | 1.11 | % | -35.89 | % | ||||||||||||||||
Commercial loans |
10,739,180 | 14,000,684 | 15,038,857 | 1,038,173 | 7.42 | % | 40.04 | % | ||||||||||||||||
Consumer loans |
2,244,762 | 2,863,927 | 2,940,779 | 76,852 | 2.68 | % | 31.01 | % | ||||||||||||||||
Small business loans |
40,023 | 121,756 | 116,163 | -5,593 | -4.59 | % | 190.24 | % | ||||||||||||||||
Mortgage loans |
1,640,265 | 1,797,894 | 1,924,507 | 126,613 | 7.04 | % | 17.33 | % | ||||||||||||||||
Allowance for loans and financial leases losses |
-545,456 | -656,957 | -673,673 | -16,716 | 2.54 | % | 23.51 | % | ||||||||||||||||
Net total loans and financial leases |
14,118,774 | 18,127,304 | 19,346,633 | 1,219,329 | 6.73 | % | 37.03 | % | ||||||||||||||||
Accrued interest receivable on loans |
163,016 | 204,684 | 217,828 | 13,144 | 6.42 | % | 33.62 | % | ||||||||||||||||
Allowance for accrued interest losses |
-7,084 | -8,956 | -9,437 | -481 | 5.37 | % | 33.22 | % | ||||||||||||||||
Net total interest accrued |
155,932 | 195,728 | 208,391 | 12,663 | 6.47 | % | 33.64 | % | ||||||||||||||||
Customers acceptances and derivatives |
64,364 | 193,835 | 242,748 | 48,913 | 25.23 | % | 277.15 | % | ||||||||||||||||
Net accounts receivable |
226,857 | 308,803 | 321,557 | 12,754 | 4.13 | % | 41.74 | % | ||||||||||||||||
Net premises and equipment |
340,798 | 362,925 | 374,029 | 11,104 | 3.06 | % | 9.75 | % | ||||||||||||||||
Foreclosed assets |
25,757 | 13,986 | 14,122 | 136 | 0.97 | % | -45.17 | % | ||||||||||||||||
Prepaid expenses and deferred charges |
25,582 | 27,353 | 36,972 | 9,619 | 35.17 | % | 44.52 | % | ||||||||||||||||
Goodwill |
50,109 | 30,946 | 28,641 | -2,305 | -7.45 | % | -42.84 | % | ||||||||||||||||
Other |
320,194 | 354,999 | 370,598 | 15,599 | 4.39 | % | 15.74 | % | ||||||||||||||||
Reappraisal of assets |
658,799 | 896,479 | 853,640 | -42,839 | -4.78 | % | 29.58 | % | ||||||||||||||||
Total assets |
24,846,774 | 29,064,050 | 28,563,582 | -500,468 | -1.72 | % | 14.96 | % | ||||||||||||||||
LIABILITIES AND SHAREHOLDERS EQUITY |
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LIABILITIES |
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DEPOSITS |
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Non-interest bearing |
3,379,969 | 4,124,970 | 3,896,674 | -228,296 | -5.53 | % | 15.29 | % | ||||||||||||||||
Checking accounts |
3,033,207 | 3,836,485 | 3,606,203 | -230,282 | -6.00 | % | 18.89 | % | ||||||||||||||||
Other |
346,762 | 288,485 | 290,471 | 1,986 | 0.69 | % | -16.23 | % | ||||||||||||||||
Interest bearing |
11,297,909 | 15,244,686 | 14,420,880 | -823,806 | -5.40 | % | 27.64 | % | ||||||||||||||||
Checking accounts |
286,202 | 358,588 | 293,438 | -65,150 | -18.17 | % | 2.53 | % | ||||||||||||||||
Time deposits |
3,176,771 | 3,548,566 | 3,561,845 | 13,279 | 0.37 | % | 12.12 | % | ||||||||||||||||
Savings deposits |
7,834,936 | 11,337,532 | 10,565,597 | -771,935 | -6.81 | % | 34.85 | % | ||||||||||||||||
Total deposits |
14,677,878 | 19,369,656 | 18,317,554 | -1,052,102 | -5.43 | % | 24.80 | % | ||||||||||||||||
Overnight funds |
1,628,265 | 686,119 | 439,938 | -246,181 | -35.88 | % | -72.98 | % | ||||||||||||||||
Bank acceptances outstanding |
69,380 | 51,205 | 50,323 | -882 | -1.72 | % | -27.47 | % | ||||||||||||||||
Interbank borrowings |
1,947,450 | 2,210,286 | 1,266,191 | -944,095 | -42.71 | % | -34.98 | % | ||||||||||||||||
Borrowings from domestic development banks |
1,063,499 | 907,071 | 918,425 | 11,354 | 1.25 | % | -13.64 | % | ||||||||||||||||
Accounts payable |
767,442 | 1,176,300 | 2,099,373 | 923,073 | 78.47 | % | 173.55 | % | ||||||||||||||||
Accrued interest payable |
128,986 | 125,522 | 119,431 | -6,091 | -4.85 | % | -7.41 | % | ||||||||||||||||
Other liabilities |
243,887 | 268,733 | 275,230 | 6,497 | 2.42 | % | 12.85 | % | ||||||||||||||||
Bonds |
1,009,566 | 532,050 | 1,285,030 | 752,980 | 141.52 | % | 27.29 | % | ||||||||||||||||
Accrued expenses |
295,111 | 340,517 | 389,576 | 49,059 | 14.41 | % | 32.01 | % | ||||||||||||||||
Total liabilities |
21,831,464 | 25,667,459 | 25,161,071 | -506,388 | -1.97 | % | 15.25 | % | ||||||||||||||||
SHAREHOLDERS EQUITY |
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Subscribed and paid in capital |
363,914 | 363,914 | 363,914 | | 0.00 | % | 0.00 | % | ||||||||||||||||
Retained earnings |
1,514,754 | 1,695,503 | 1,740,870 | 45,367 | 2.68 | % | 14.93 | % | ||||||||||||||||
Appropiated |
1,228,943 | 1,424,104 | 1,424,104 | | 0.00 | % | 15.88 | % | ||||||||||||||||
Unappropiated |
285,811 | 271,399 | 316,766 | 45,367 | 16.72 | % | 10.83 | % | ||||||||||||||||
Reappraisal and others |
1,143,077 | 1,355,429 | 1,312,589 | (42,840 | ) | -3.16 | % | 14.83 | % | |||||||||||||||
Gross unrealized gain or loss on debt securities |
(6,435 | ) | (18,255 | ) | (14,862 | ) | 3,393 | -18.59 | % | 130.96 | % | |||||||||||||
Total shareholders equity |
3,015,310 | 3,396,591 | 3,402,511 | 5,920 | 0.17 | % | 12.84 | % | ||||||||||||||||
Total liabilities and shareholders equity |
24,846,774 | 29,064,050 | 28,563,582 | (500,468 | ) | -1.72 | % | 14.96 | % | |||||||||||||||
BANCOLOMBIA S.A. | Growth | Growth | ||||||||||||||||||||||
INCOME STATEMENT | Accumulated | Annual | Month | Month | ||||||||||||||||||||
(Ps Millions) | May-06 | May-07 | % | Apr-07 | May-07 | % | ||||||||||||||||||
Interest income and expenses |
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Interest on loans |
711,264 | 968,569 | 36.18 | % | 205,108 | 210,428 | 2.59 | % | ||||||||||||||||
Interest on investment securities |
12,598 | 111,707 | 786.70 | % | 29,831 | 24,223 | -18.80 | % | ||||||||||||||||
Overnight funds |
9,445 | 19,598 | 107.50 | % | 4,632 | 4,804 | 3.71 | % | ||||||||||||||||
Total interest income |
733,307 | 1,099,874 | 49.99 | % | 239,571 | 239,455 | -0.05 | % | ||||||||||||||||
Interest expense |
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Checking accounts |
3,239 | 6,959 | 114.85 | % | 1,263 | 995 | -21.22 | % | ||||||||||||||||
Time deposits |
87,169 | 100,158 | 14.90 | % | 20,975 | 21,336 | 1.72 | % | ||||||||||||||||
Savings deposits |
90,300 | 172,380 | 90.90 | % | 38,978 | 39,821 | 2.16 | % | ||||||||||||||||
Total interest on deposits |
180,708 | 279,497 | 54.67 | % | 61,216 | 62,152 | 1.53 | % | ||||||||||||||||
Interbank borrowings |
46,982 | 35,539 | -24.36 | % | 9,970 | 10,624 | 6.56 | % | ||||||||||||||||
Borrowings from domestic development banks |
24,474 | 21,504 | -12.14 | % | 4,696 | 4,914 | 4.64 | % | ||||||||||||||||
Overnight funds |
22,799 | 28,922 | 26.86 | % | 3,092 | 4,064 | 31.44 | % | ||||||||||||||||
Bonds |
35,333 | 21,409 | -39.41 | % | 3,805 | 4,794 | 25.99 | % | ||||||||||||||||
Total interest expense |
310,296 | 386,871 | 24.68 | % | 82,779 | 86,548 | 4.55 | % | ||||||||||||||||
Net interest income |
423,011 | 713,003 | 68.55 | % | 156,792 | 152,907 | -2.48 | % | ||||||||||||||||
Provision for loan and accrued interest losses, net |
(74,170 | ) | (122,357 | ) | 64.97 | % | (28,914 | ) | (41,745 | ) | 44.38 | % | ||||||||||||
Recovery of charged-off loans |
25,146 | 24,259 | -3.53 | % | 3,934 | 6,990 | 77.68 | % | ||||||||||||||||
Provision for foreclosed assets and other assets |
(12,203 | ) | (8,925 | ) | -26.86 | % | (2,895 | ) | (1,508 | ) | -47.91 | % | ||||||||||||
Recovery of provisions for foreclosed assets and other assets |
12,100 | 36,416 | 200.96 | % | 3,446 | 7,047 | 104.50 | % | ||||||||||||||||
Total net provisions |
(49,127 | ) | (70,607 | ) | 43.72 | % | (24,429 | ) | (29,216 | ) | 19.60 | % | ||||||||||||
Net interest income after provision for loans
and accrued interest losses |
373,884 | 642,396 | 71.82 | % | 132,363 | 123,691 | -6.55 | % | ||||||||||||||||
Commissions from banking services and other services |
30,006 | 34,038 | 13.44 | % | 6,129 | 7,702 | 25.66 | % | ||||||||||||||||
Electronic services and ATMs fees, net |
35,092 | 28,019 | -20.16 | % | 4,691 | 5,839 | 24.47 | % | ||||||||||||||||
Branch network services, net |
21,527 | 39,998 | 85.80 | % | 7,462 | 8,449 | 13.23 | % | ||||||||||||||||
Collections and payments fees, net |
27,722 | 42,505 | 53.33 | % | 8,346 | 9,232 | 10.62 | % | ||||||||||||||||
Credit card merchant fees, net |
3,663 | 9,517 | 159.81 | % | 1,800 | 1,598 | -11.22 | % | ||||||||||||||||
Credit and debit card fees, net |
98,129 | 97,048 | -1.10 | % | 20,584 | 19,917 | -3.24 | % | ||||||||||||||||
Checking fees, net |
24,336 | 27,397 | 12.58 | % | 5,182 | 5,930 | 14.43 | % | ||||||||||||||||
Check remittance, net |
4,659 | 4,182 | -10.24 | % | 819 | 665 | -18.80 | % | ||||||||||||||||
International operations, net |
9,961 | 13,573 | 36.26 | % | 2,751 | 2,651 | -3.64 | % | ||||||||||||||||
Total fees and other service income |
255,095 | 296,277 | 16.14 | % | 57,764 | 61,983 | 7.30 | % | ||||||||||||||||
Other fees and service expenses |
(28,353 | ) | (36,580 | ) | 29.02 | % | (7,185 | ) | (7,257 | ) | 1.00 | % | ||||||||||||
Total fees and income from services, net |
226,742 | 259,697 | 14.53 | % | 50,579 | 54,726 | 8.20 | % | ||||||||||||||||
Other operating income |
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Net foreign exchange gains |
91,323 | (84,599 | ) | -192.64 | % | (17,128 | ) | (54,135 | ) | 216.06 | % | |||||||||||||
Forward contracts in foreign currency |
(48,290 | ) | 126,783 | -362.55 | % | 27,472 | 72,015 | 162.14 | % | |||||||||||||||
Gains(Loss) on sales of investments on equity securities |
43,128 | (13,208 | ) | -130.63 | % | 111 | | * | ||||||||||||||||
Gains on sale of mortgage loan |
| 0.00 | % | | | 0.00 | % | |||||||||||||||||
Dividend income |
128,538 | 122,067 | -5.03 | % | 33 | 103 | 212.12 | % | ||||||||||||||||
Communication, rent payments and others |
658 | 594 | -9.73 | % | 112 | 120 | 7.14 | % | ||||||||||||||||
Total other operating income |
215,357 | 151,637 | -29.59 | % | 10,600 | 18,103 | 70.78 | % | ||||||||||||||||
Total income |
815,983 | 1,053,730 | 29.14 | % | 193,542 | 196,520 | 1.54 | % | ||||||||||||||||
Operating expenses |
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Salaries and employee benefits |
219,722 | 248,289 | 13.00 | % | 49,738 | 50,789 | 2.11 | % | ||||||||||||||||
Bonus plan payments |
7,339 | 18,076 | 146.30 | % | 3,547 | 4,342 | 22.41 | % | ||||||||||||||||
Compensation |
1,173 | 8,835 | 653.20 | % | 2,186 | 763 | -65.10 | % | ||||||||||||||||
Administrative and other expenses |
263,755 | 322,207 | 22.16 | % | 67,063 | 63,334 | -5.56 | % | ||||||||||||||||
Deposit security, net |
20,274 | 17,032 | -15.99 | % | 2,175 | 4,276 | 96.60 | % | ||||||||||||||||
Donation expenses |
53 | 192 | 262.26 | % | 29 | 64 | 120.69 | % | ||||||||||||||||
Depreciation |
28,869 | 31,422 | 8.84 | % | 6,031 | 7,361 | 22.05 | % | ||||||||||||||||
Total operating expenses |
541,185 | 646,053 | 19.38 | % | 130,769 | 130,929 | 0.12 | % | ||||||||||||||||
Net operating income |
274,798 | 407,677 | 48.36 | % | 62,773 | 65,591 | 4.49 | % | ||||||||||||||||
Merger expenses |
11,028 | | * | | | 0.00 | % | |||||||||||||||||
Goodwill amortization |
9,681 | 11,523 | 19.03 | % | 2,304 | 2,305 | 0.04 | % | ||||||||||||||||
Non-operating income (expense) |
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Other income |
116,777 | 39,054 | -66.56 | % | 10,855 | 5,963 | -45.07 | % | ||||||||||||||||
Other expense |
(20,603 | ) | (21,374 | ) | 3.74 | % | (2,681 | ) | (3,683 | ) | 37.37 | % | ||||||||||||
Total non-operating income |
96,174 | 17,680 | -81.62 | % | 8,174 | 2,280 | -72.11 | % | ||||||||||||||||
Income before income taxes |
350,263 | 413,834 | 18.15 | % | 68,643 | 65,566 | -4.48 | % | ||||||||||||||||
Income tax expense |
(64,452 | ) | (97,068 | ) | 50.61 | % | (20,210 | ) | (20,199 | ) | -0.05 | % | ||||||||||||
Net income |
285,811 | 316,766 | 10.83 | % | 48,433 | 45,367 | -6.33 | % | ||||||||||||||||
BANCOLOMBIA S.A. (Registrant) |
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Date: June 12, 2007 | By: | /s/ JAIME ALBERTO VELÁSQUEZ B. | ||
Name: | Jaime Alberto Velásquez B. | |||
Title: | Vice President of Finance | |||