Publicación:

Diagnóstico de la Corporación Corficolombiana S.A, frente a la movilización de recursos financieros y la presentación de la Norma Internacional de Contabilidad 32

Resumen

At present, companies use mechanisms to mobilize financial resources to mitigate risks in their operations, negotiations and other projects. At the same time, the valuation techniques implemented by the companies for the management of their hedging instruments, allow them to improve the projection of yields in their operations and a decrease of the latent risks in the fluctuation of prices and market variations. The main purpose of this diagnosis of the company Corficolombiana, was to analyze the mobilization of its resources with respect to IAS 32, for which three objectives were carried out, such as the characterization and classification of its instruments; such as investments, debt instruments, TES, government bonds and capital funds, which are used as a source of leverage of its businesses as a whole and the use of measurement techniques that allow them to mitigate the risk of the transactions outlined in the market. Corficolombiana, in order to mitigate risks in its operations drawn with concession projects that are its main source of financing, followed by energy and gas operations, these operations are measured under valuation techniques, under cash flow projections that the corporation implements for the management of its hedging instruments. Corficolombiana executes repo and simultaneous operations as a source of financing in transactions with hedging instruments, these negotiations are made in order to generate significant yields and provide better profits, this leverage method is used by the company to produce confidence in its investors and increase its risk rating before the national and international market. The management generated by the corporation of its financial instruments establishes measurements from the amortized cost, as the measurement at fair value; in this measurement is composed of three levels, from the market price, as the future measurements in estimated prices, most of its financial instruments are under the measurement of level 2 and 3; most of its assets are mobilized by concession contracts, property, plant and equipment, debt instruments and equity, under IAS 32. For this reason, knowing the financial market, in terms of the generation of income from hedging derivatives, broadens the strategic vision of risk mitigation for many companies that wish to improve their profitability against active market transactions, although the fair value measurement is the most used for the valuation of financial instruments, very few companies know or implement the measurement of level 2 and 3.