Version 13 - February 2025 (template release)
Template release pack
This release includes various fixes and improvements based on customer feedback for period end June 2024. No updates were needed as a result of recent changes in legislation. The template is available on platform 6.28.
Release notes
- Period ended: June 30, 2024
- Update type: Legislative and features
Overview
This template is a major release that includes legislative updates and IFRS-alignment changes, along with features and corrections. Legislative updates are effective for annual periods beginning January 2024. These changes include updated regulations, revised financial terminology, disclosures on macroeconomic uncertainties, geopolitical situations, and climate-related issues. This version is on platform 6.28.9259.
Legislative
Accounting reference number | Details |
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Climate related disclosures | We updated in the relevant areas of the report: Location Notas a los estados financieros | Políticas contables significativas | Resumen de las políticas contables | Propiedades, planta y equipo | Comentario de asuntos relacionados con el Clima We added new content regarding how entities must ensure climate-related assumptions in fair value measurements reflect market participant views, as defined in IFRS 13. Significant judgment and transparent disclosures are needed, especially for assets like real estate in climate-risk areas. Location : Notas a los estados financieros | Medición del valor razonable | Comentario sobre asuntos relacionados con el clima We added new comment about how climate-related issues can affect future taxable profits and the recovery of deferred tax assets. Location: Notas a los estados financieros | Impuesto de renta | Impuesto diferido | Comentario sobre asuntos relacionados con el clima We renamed the section and updated climate related content. The comment is about how climate-related issues and new legislation can impact the useful life and residual value of property, plant, and equipment. Location: Notas a los estados financieros | Propiedades, planta y equipo | Comentario sobre cuestiones relacionadas con el clima We added a new comment about how entities need to assess how climate-related issues affect their customers’ and debtors’ ability to repay debts. Location: Notas a los estados financieros | Activos financieros y pasivos financieros | Objetivos y políticas de gestión de riesgos de los instrumentos financieros | Comentario sobre asuntos relacionados con el clima ew folder for climate related content. Location: Notas a los estados financieros | Goodwill y activos intangibles con vida útil indefinida | Supuestos claves utilizados en los cálculos del valor en uso y sensibilidad a cambios en las hipótesis | Carpeta | Asuntos relacionados con el clima ew section about how entities issuing financial liabilities with ESG features must evaluate the accounting treatment. Location: Notas a los estados financieros | Activos financieros y pasivos financieros | Pasivos financieros | Préstamos y créditos | Comentario sobre asuntos relacionados con el clima |
Macroeconomic and geopolitical uncertainties | We added a new comment about how macroeconomic and geopolitical uncertainties, like rising interest rates and inflation, can impact asset impairments and deferred tax assets, requiring updated income projections and additional disclosures. Location: Notas a los estados financieros | Impuesto de renta | Comentario sobre la incertidumbre macroeconómica y geopolítica ew comment about how macroeconomic and geopolitical uncertainties affect fair value measurement. Location: Notas a los estados financieros | Propiedades de inversión | Comentario sobre la incertidumbre macroeconómica y geopolítica New section about how macroeconomic and geopolitical uncertainties can lead to changes in financing and debt terms. Entities must follow IFRS 9 to determine if these changes are substantial modifications. Location: Notas a los estados financieros | Activos financieros y pasivos financieros | Pasivos financieros | Contraprestación contingente | Comentario sobre la incertidumbre macroeconómica y geopolítica ew comment about how macroeconomic and geopolitical uncertainties can impact hedging transactions. Location: Notas a los estados financieros | Activos financieros y pasivos financieros | Actividades de cobertura y derivados | Comentario sobre la incertidumbre macroeconómica y geopolítica New comment about how macroeconomic and geopolitical uncertainties affect the measurement of expected credit losses (ECL) for financial entities, highlighting the need for updated calculations and transparent disclosures. Location: Notas a los estados financieros | Cuentas por cobrar y activos por contratos |Comentario sobre la incertidumbre macroeconómica y geopolítica There's a new comment about how current macroeconomic and geopolitical uncertainties can affect the valuation of pension plan assets and liabilities, causing potential volatility and the need for entities to disclose these impacts clearly. Location: Notas a los estados financieros | Pensiones y otros planes de prestaciones post-empleo | Comentario sobre la incertidumbre macroeconómica y geopolítica New section: disclosing key assumptions and sensitivity analyses due to macroeconomic and geopolitical uncertainty. It also highlights the need for impairment testing of non-financial assets under IAS 36. Location: Notas a los estados financieros | Juicios, estimaciones e hipótesis contables significativas | Estimaciones e hipótesis | Comentario sobre la incertidumbre macroeconómica y geopolítica We added new content about how macroeconomic and geopolitical uncertainty can affect asset valuations, requiring entities to use judgment and possibly provide more detailed disclosures. Factors like market volatility, interest rates and commodity prices play significant roles. Location: Notas a los estados financieros | Medición del valor razonable | Comentario sobre la incertidumbre macroeconómica y geopolítica New comment: Entities with risk concentrations may face higher loss risks. IAS 7 34c requires disclosing these concentrations if not evident from other risk disclosures. Location: Notas a los estados financieros | Activos financieros y pasivos financieros | Objetivos y políticas de gestión de riesgos de los instrumentos financieros | Riesgo de liquidez | Comentario sobre la incertidumbre macroeconómica y geopolítica |
Significant accounting policies | Updated content under “Notas a los estados financieros | Políticas contables significativas” as per below: Added new content about initial recording of foreign currency transactions. Location: Resumen de las políticas contables | Transacciones en moneda extranjera | Transacciones y saldos | Párrafo (1) Added new content regarding the classification of supplier financing as trade payables. Location: Resumen de las políticas contables | Instrumentos financieros - Reconocimiento inicial y valoración Added a new section to the note, about “Events after the reporting period." Location: Resumen de las políticas contables | Eventos posteriores al período de informe Added a new section to the note, regarding “Earnings per share" Location: Resumen de las políticas contables | Ganancias por acción Added new content to mention that the modifications have not been introduced into the Colombian accounting framework to date: Location: Normas e interpretaciones nuevas y modificadas | Modificaciones 2023 | Definición de Estimaciones Contables - Modificaciones a la NIC 8 | Párrafo (2) Normas e interpretaciones nuevas y modificadas | Modificaciones 2023 | Revelación de Políticas Contables - Modificaciones a la NIC 1 y la Declaración Práctica de las NIIF 2 | Párrafo (2) Added a new paragraph to mention that the modifications have not been introduced into the Colombian accounting framework to date |
Other legislation updates | Added a new paragraph about potential future rental payments not included in the current lease term. Location: Notas a los estados financieros | Juicios, estimaciones e hipótesis contables significativas | Juicios | Determinación del plazo de arrendamiento de contratos con opciones de renovación y terminación - Grupo como arrendatario | Párrafo (4) New section about useful lives and residual values of property, plant, and equipment. Location: Notas a los estados financieros | Juicios, estimaciones e hipótesis contables significativas | Vidas útiles y valores residuales de propiedades, planta y equipo Added new paragraph about amendments to IAS 12, clarifying its application to income taxes from laws implementing the OECD’s Pillar Two model rules. Location: Notas a (1) los estados financieros | Impuesto de renta | Párrafo (1) Added a new paragraph on liabilities. Location: Notas a los estados financieros | Activos financieros y pasivos financieros | Pasivos financieros | Préstamos y créditos | Obligaciones | Párrafo (2) Added new regulation about loans. Location: Notas a los estados financieros | Activos financieros y pasivos financieros | Pasivos financieros | Préstamos y créditos | Préstamo bancario garantizado | Párrafo (2) Added a new paragraph about the Group’s accounts payable being managed under a supplier financing agreement with a single counterparty. Location: Notas a los estados financieros | Activos financieros y pasivos financieros | Objetivos y políticas de gestión de riesgos de los instrumentos financieros | Riesgo de liquidez | Concentración excesiva de riesgo | Párrafo (3) |
Accounting Standards issued that have not yet taken effect | We included under “Notas a los estados financieros | Normas emitidas que todavía no entran en vigor”: We made changes to IAS 21 explain how companies should check if a currency can be exchanged and how to find the exchange rate when it can’t be exchanged. This change is effective from January 1, 2025, with early adoption permitted. Location: Enmiendas a la NIC 21 - Falta de intercambiabilidad IFRS 18 introduces new presentation requirements in the income statement and classifies income and expenses into five categories. It also mandates new disclosures and changes to cash flow statements. These changes are effective from January 1, 2027, with early adoption allowed. Location: NIIF 18 Presentación y Divulgación en los Estados Financieros IFRS 19, allows eligible subsidiaries to use reduced disclosure requirements while still following other IFRS standards. This change is effective from January 1, 2027, with early adoption permitted. Location: NIIF 19 Filiales sin Responsabilidad Pública: Divulgaciones We renamed a folder from "Enmiendas a la NIC 1: Clasificación de pasivos como corrientes o no corrientes" to "Enmiendas a la NIC 1: Pasivos no corrientes con condiciones pactadas". Location: Enmiendas a la NIC 1: Pasivos no corrientes con condiciones pactadas |
Corrections
Item ID | Title | Details and limitations |
|---|---|---|
1941747 | Formatting - correction of two "comentarios" displayed in black font | For consistency with the other "Comentarios" of the report, changed format of the section from black font to orange text and to display only on Design mode. Location: Reporte Anual | Estados financieros | Notas a los estados financieros | Políticas contables significativas | Bases de presentación | Comentario sobre cuestiones relacionadas con el clima Reporte Anual | Estados financieros | Notas a los estados financieros | Políticas contables significativas | Bases de presentación | Comentario sobre la incertidumbre macroeconómica y geopolítica |
1941947 | Note number corrections in Financial Statements | We removed duplicated Note number for Otros ingresos. Location: Estados financieros | Estados financieros | Estado de resultado We removed the duplicate note number in "Inversiones en entidades asociadas y negocios conjuntos". Added a new note number for Inversiones en una entidad asociada. Location: Estados financieros | Estado de situación financiera | Tabla - Estado de situación financiera Pasivos corrientes: Added missing note number to row Prestamos y créditos. Location: Estados financieros | Estado de situación financiera | Tabla - Estado de situación financiera |
1939375 | Correction of the table "Corrección de errores" | We added Section (A. Activos / B. Pasivos) and Row Ref. (FilaXX) to the grids as they were missing. Added Section (A. Impacto PyG / B. Atribución) and Row Ref. (FilaXX) to the grids as they were missing. Location: Información a Revelar | Notas a los estados financieros | Políticas contables significativas | Corrección de errores |
Features
Item ID | Title | Details and limitations |
|---|---|---|
1917345 | Increase the note number in the additional disclosures | We increased the note numbers of [FY] Non-Import [Custom] from 6 notes to 10 notes so that there is a bigger capacity for adding custom disclosures. Location:
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1922855 | Reconciliation rows in notes | The template already had reconciliations in several tables, but we have added new reconciliation checks to some other tables. Location:
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1933799 | Add categories into disclosure grids | We automated disclosure grids in the template to pull in categories value via expressions. Location:
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1942059 | Display condition Total in Cash and equivalent table | We set the second total of the table to display "as required" so we do not have two totals with the same figure when there is no entry in "sobregiros bancarios". Location :
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Content changes
Following our content provider guidance, we've updated the template:
Item ID | Title | Details and limitations |
|---|---|---|
1937070 | Revised financial terminology | We have amended terms throughout the template:
We also amended other terms:
We updated the report to improve wording.
We renamed other categories:
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1937070 | New categories | We added 2 new items to the category structure:
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1937070 | Updated content | We amended content in various locations including:
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1937070 | Amendments to tables | Added a prior period column to the grid. Location: Información a Revelar | Notas a los estados financieros | Políticas contables significativas | Corrección de errores Amended the column 1, 2, 4 and 5 headers with updated period dates. Column 2 and 5 set as display non-zero. Location: Notas a los estados financieros | Políticas contables significativas | Corrección de errores | Impacto en el patrimonio neto (aumento/disminución en el patrimonio neto) | Tabla - Impacto en el patrimonio neto (aumento/disminución en el patrimonio neto) Amended the columns 1 and 4 headers with updated period dates. Location :Notas a los estados financieros | Políticas contables significativas | Corrección de errores | Impacto en el estado de pérdidas y ganancias (aumento/disminución en la utilidad) | Tabla - Impacto en el estado de pérdidas y ganancias (aumento/disminución en la utilidad) Updated tax rate and automated prior year with an expression. Location :Notas a los estados financieros | Impuesto de renta | Tabla - Conciliación entre el gasto por impuesto y el resultado contable del ejercicio Updated the financial terminology in the table. Location :Notas a los estados financieros | Activos financieros y pasivos financieros | Cambios en el pasivo por actividades de financiación | Tabla no-estándar | Carpeta Entidad 1/2 | Tabla - Cambios en el pasivo por actividades de financiación - Periodo Actual/Anterior (E1/2) Marked row "Pedir por escrito" as [Pre dic 2024]. Location :Notas a los estados financieros | Cuentas por cobrar y activos por contratos | Tabla - Deudores comerciales y otras cuentas a cobrar Marked the row: Pasivos por arrendamientos financieros [Pre dic 2024] Location: Notas a los estados financieros | Activos financieros y pasivos financieros | Valores razonables | Tabla no-estándar | Carpeta Entidad 1/2 | Tabla - Activos y pasivos financieros (E1/2) Replaced "Combinación de negocios " with "Adquisición de una subsidiaria " and marked "Adopción enmienda NIC37" as [Pre dic 2024]. Location: Notas a los estados financieros | Provisiones | Tabla no-estándar | Carpeta Entidad 1/2 | Tabla - Provisiones - Periodo Actual/Anterior (E1/2) New table. Location: Notas a los estados financieros | Obligaciones comerciales y otras cuentas a pagar |
1937070 | Disabled obsolete elements | We have turned off and marked obsolete elements as [Pre dic 2024] in numerous locations:
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XBRL changes
There's no changes.
Additional information
There's no additional information.
Impact on existing clients
There's no additional impacts.
Deviations from standard configurations
There's no deviations.
Appendix
There's no appendix.
Known issues
The main report doesn't export to Excel on the web. The report exports to Excel on desktop.
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