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Investments in associates and joint ventures (Tables) | 12 Months Ended
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Dec. 31, 2023
Investments in associates and joint ventures |
Schedule of investment entities | ​
​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
Joint ventures |  |  |  |
Interligação Elétrica do Madeira S.A. |  | 1,705,188 |  | 1,871,142
Transmissora Aliança de Energia Elétrica S.A. | ​ | 1,513,497 | ​ | 1,830,504
Equion Energía Limited | ​ | 1,037,418 | ​ | 1,191,154
Interligação Elétrica Paraguaçu S.A. | ​ | 526,294 | ​ | 614,112
Interligação Elétrica Garanhuns S.A. | ​ | 500,889 | ​ | 571,328
Interligação Elétrica Ivaí S.A. | ​ | 456,076 | ​ | 469,176
Interligação Elétrica Aimorés S.A. | ​ | 335,995 | ​ | 411,495
Conexión Kimal Lo Aguirre S.A. | ​ | 119,069 | ​ | 169,230
Ecodiesel Colombia S.A. | ​ | 85,030 | ​ | 54,614
Transnexa S.A. E.M.A. | ​ | 8,545 | ​ | 8,545
Interconexión Eléctrica Colombia Panamá S.A. | ​ | 2,544 | ​ | 20,516
Derivex S.A. | ​ | 1,123 | ​ | 439
Parques de Rio | ​ | 71 | ​ | 83
Interconexión Eléctrica Colombia Panamá S.A.S E.S.P. |  | 4 |  | 4
​ |  | 6,291,743 |  | 7,212,342
Less impairment: |  | ​ |  | ​
Equion Energía Limited |  | (408,183) |  | (400,196)
Transnexa S.A. E.M.A. |  | (8,545) |  | (8,545)
​ | ​ | 5,875,015 | ​ | 6,803,601
Associates |  |  |  |
Gases del Caribe S.A. E.S.P. |  | 1,527,699 |  | 1,495,341
ATP Tower Holdings |  | 720,332 |  | 913,218
Gas Natural del Oriente S.A. E.S.P. |  | 156,353 |  | 148,254
Gases de la Guajira S.A. E.S.P. | ​ | 69,996 | ​ | 69,376
E2 Energía Eficiente S.A. E.S.P. | ​ | 34,432 | ​ | 34,944
Extrucol S.A. | ​ | 30,147 | ​ | 27,680
Serviport S.A. | ​ | 9,399 | ​ | 9,399
Sociedad Portuaria Olefinas y Derivados S.A. | ​ | 4,658 | ​ | 4,186
​ |  | 2,553,016 |  | 2,702,398
Less impairment: Serviport S.A. |  | (9,399) |  | (9,399)
​ |  | 2,543,617 |  | 2,692,999
​ |  | 8,418,632 |  | 9,496,600
Schedule of movement of investments in associates and joint ventures | For the year ended December 31, 2023:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Associates |  | Joint ventures |  | Total
Opening balance |  | 2,692,999 |  | 6,803,601 |  | 9,496,600
Capital contributions | ​ | — | ​ | 853 | ​ | 853
Effects of equity method through: |  | ​ |  | ​ |  | ​
Profit or loss |  | 197,732 |  | 607,617 |  | 805,349
Other comprehensive income |  | (168,566) |  | (1,181,002) |  | (1,349,568)
Dividends declared (1) |  | (178,548) |  | (348,067) |  | (526,615)
Impairment (Note 17) | ​ | — | ​ | (7,987) | ​ | (7,987)
Closing balance |  | 2,543,617 |  | 5,875,015 |  | 8,418,632
(1) | During 2023, Ecopetrol Business Group received dividends of $482,124 from its investments Transmissora Aliança de Energía Elétrica, Interligação Elétrica Paraguaçu, Interligação Elétrica Aimorés, Gases del Caribe, Gas Natural del Oriente, Gases de la Guajira and Extrucol.
For the year ended December 31, 2022:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Associates |  | Joint ventures |  | Total
Opening balance |  | 2,608,156 |  | 5,749,030 |  | 8,357,186
Capital contributions | ​ | — | ​ | 329,377 | ​ | 329,377
Effects of equity method through: |  | ​ |  | ​ |  | ​
Profit or loss |  | 126,329 |  | 642,093 |  | 768,422
Other comprehensive income |  | 149,165 |  | 1,450,948 |  | 1,600,113
Dividends declared (1) |  | (190,651) |  | (1,365,755) |  | (1,556,406)
Impairment (Note 17) |  | — | ​ | (2,092) | ​ | (2,092)
Closing balance |  | 2,692,999 |  | 6,803,601 |  | 9,496,600
(1) | During 2022, Ecopetrol Business Group received dividends of $1,471,134 from its investments Transmissora Aliança de Energia Elétrica S.A., Interligação Elétrica do Madeira S.A., Gas Natural del Oriente S.A. E.S.P, Gases del Caribe S.A. E.S.P., Extrucol S.A., Gases de la Guajira S.A. E.S.P. and E2 Energía Eficiente S.A. E.S.P.
For the year ended December 31, 2021:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Associates |  | Joint ventures |  | Total
Opening balance |  | 1,791,249 |  | 1,383,379 |  | 3,174,628
Capital contributions | ​ | — | ​ | 44,735 | ​ | 44,735
Business combination | ​ | 783,494 | ​ | 4,231,255 | ​ | 5,014,749
Effects of equity method through: |  | ​ |  | ​ |  | ​
Profit or loss |  | 193,367 |  | 232,797 |  | 426,164
Other comprehensive income |  | 12,142 |  | 121,856 |  | 133,998
Dividends declared (1) |  | (171,238) |  | (177,870) |  | (349,108)
Impairment (Note 17) |  | (858) | ​ | (83,644) | ​ | (84,502)
Others | ​ | — |  | (3,478) |  | (3,478)
Closing balance |  | 2,608,156 |  | 5,749,030 |  | 8,357,186
(1) | During 2021, the Group received dividends of $206,048 from Ecodiesel, Transmissora Aliança de Energia Elétrica S.A., Interligação Elétrica do Madeira S.A., Gas Natural del Oriente S.A. E.S.P, Gases del Caribe S.A. E.S.P., Extrucol S.A., Gases de la Guajira S.A. E.S.P. and E2 Energía Eficiente S.A. E.S.P.
Schedule of breakdown of assets, liabilities and results of the main investments in associates and joint ventures | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ | ​ | Interligação | ​ | Transmissora | ​ | Equion | ​ | Interligação | ​ | Transmissora | ​ | Equion
​ | ​ | Elétrica do | ​ | Aliança de | ​ | Energía | ​ | Elétrica do | ​ | Aliança de | ​ | Energía
​ |  | Madeira |  | Energia Elétrica | ​ | Limited |  | Madeira | ​ | Energia Elétrica |  | Limited
Statement of financial position |  |  |  |  | ​ | ​ |  |  | ​ | ​ |  |
Current assets |  | 675,192 |  | 2,167,294 | ​ | 1,395,515 |  | 689,613 |  | 1,967,310 | ​ | 1,684,029
Non–current assets |  | 5,064,524 |  | 11,709,871 | ​ | 5,661 |  | 5,890,932 |  | 12,351,913 | ​ | 27,943
Total assets |  | 5,739,716 |  | 13,877,165 | ​ | 1,401,176 |  | 6,580,545 |  | 14,319,223 | ​ | 1,711,972
Current liabilities |  | 290,292 |  | 1,276,744 | ​ | 29,726 |  | 376,203 |  | 753,445 | ​ | 41,336
Non–current liabilities |  | 2,288,606 |  | 7,327,321 | ​ | 42,056 |  | 2,765,355 |  | 7,474,497 | ​ | 31,372
Total liabilities |  | 2,578,898 |  | 8,604,065 | ​ | 71,782 |  | 3,141,558 |  | 8,227,942 | ​ | 72,708
Equity |  | 3,160,818 |  | 5,273,100 | ​ | 1,329,394 |  | 3,438,987 |  | 6,091,281 | ​ | 1,639,264
Other complementary information |  | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ | ​ | ​
Cash and cash equivalents |  | 193,009 |  | 624 | ​ | 34,378 |  | 200,091 |  | 700,313 | ​ | 52,370
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ | ​ | Interligação | ​ | Transmissora | ​ | Equion | ​ | Interligação | ​ | Transmissora | ​ | Equion
​ | ​ | Elétrica do | ​ | Aliança de | ​ | Energía | ​ | Elétrica do | ​ | Aliança de | ​ | Energía
​ |  | Madeira |  | Energia Elétrica | ​ | Limited |  | Madeira | ​ | Energia Elétrica |  | Limited
Statement of profit or loss | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sales revenue |  | 613,807 |  | 1,165,129 | ​ | 11 |  | 603,362 |  | 2,598,283 | ​ | 4,263
Costs |  | (33,798) |  | (191,359) | ​ | (23,815) |  | (20,098) |  | (410,106) | ​ | (23,726)
Other operating expenses, net |  | — |  | (133,717) | ​ | (2,579) |  | — |  | (198,835) | ​ | (945)
Financial (expenses) income |  | (125,247) |  | 327,744 | ​ | 82,424 |  | (88,991) |  | (606,837) | ​ | 48,040
Income tax |  | (97,899) |  | (46,465) | ​ | (17,323) |  | (106,292) |  | (129,531) | ​ | 23,151
Financial year results |  | 356,863 |  | 1,121,332 | ​ | 38,718 |  | 387,981 |  | 1,252,974 | ​ | 50,783
Other comprehensive results |  | — |  | (46,177) | ​ | 796,213 |  | — |  | 8,565 | ​ | 1,144,801
Other complementary information |  |  |  |  | ​ | ​ |  |  |  |  | ​ | ​
Depreciation and amortization |  | 804 |  | 30,875 | ​ | 21 |  | 881 |  | 20,551 | ​ | 47
Schedule of reconciliation of equity of the significant investments and carrying amount of investments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 | ​ | 2022 |
​ | ​ | Interligação | ​ | Transmissora | ​ | Equion | ​ | Interligação | ​ | Transmissora | ​ | Equion |
​ | ​ | Elétrica do | ​ | Aliança de | ​ | Energía | ​ | Elétrica do | ​ | Aliança de | ​ | Energía |
​ |  | Madeira |  | Energia Elétrica |  | Limited | ​ | Madeira | ​ | Energia Elétrica |  | Limited |
Equity of the joint venture |  | 3,160,818 |  | 5,273,100 |  | 1,329,394 | ​ | 3,438,987 |  | 6,091,281 |  | 1,639,264 | ​
% of Ecopetrol’s ownership |  | 51 | % | 14.88 | % | 51 | % | 51 | % | 14.88 | % | 51 | %
Ecopetrol’s ownership |  | 1,612,017 |  | 784,637 |  | 677,991 | ​ | 1,753,883 |  | 906,383 |  | 836,025 | ​
Additional value of the investment |  | — |  | 177,988 |  | 375,694 | ​ | — |  | 230,828 |  | 375,694 | ​
Impairment |  | — |  | — |  | (408,183) | ​ | — |  | — |  | (400,196) | ​
Unrealized gain | ​ | — | ​ | — | ​ | (16,267) | ​ | — | ​ | — | ​ | (20,565) | ​
Carrying amount of the investment |  | 1,612,017 |  | 962,625 |  | 629,235 | ​ | 1,753,883 |  | 1,137,211 |  | 790,958 | ​

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