Loans and Borrowings - As of December 31, 2023, total consolidated current loans and borrowings amounted to COP 1,029,394 million, an increase from COP 915,604 million as of December 31, 2022, representing a growth of 12.4%[587] - Total consolidated non-current loans and borrowings decreased to COP 236,811 million as of December 31, 2023, from COP 539,980 million as of December 31, 2022, a decline of 56.2%[587] - Bank loans increased by 3.1%, or COP 24,576 million, to COP 815,674 million as of December 31, 2023, compared to COP 791,098 million as of December 31, 2022[590] - Letters of credit liability decreased by COP 4,398 million to COP 8,189 million as of December 31, 2023, from COP 12,587 million as of December 31, 2022[594] - Unused revolving credit facilities available for short-term financing totaled COP 500,000 million with Bancolombia S.A. and COP 400,000 million with Banco Davivienda S.A. as of December 31, 2023[595] - Long-term debt obligations due within three years are estimated at COP 281,247 million as of December 31, 2023[597] - The company is in compliance with all loan and debt instruments as of the date of the annual report[588] Fair Value and Obligations - The fair value of the put option recognized in equity decreased by COP 209,557 million during the year ended December 31, 2023, compared to the previous year[592] - Total contractual obligations and commitments amounted to COP 3,321,639 million as of December 31, 2023, compared to COP 3,389,612 million as of December 31, 2022, indicating a decrease of 2%[597][599] Research and Development - The company does not have any significant research and development activities[601]
Almacenes Exito S.A.(EXTO) - 2023 Q4 - Annual Report