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v3.24.3

Property, plant, and equipment (Details) $ in Millions | 6 Months Ended
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Jun. 30, 2024 COP ($)
Property, plant, and equipment |  |
Beginning Balance | $ 95,171,302 |
Ending Balance | 99,137,894 |
Cost |  |
Property, plant, and equipment |  |
Beginning Balance | 153,766,504 |
Additions/capitalizations | 3,739,461 | [1]
Abandonment cost update | (28,679) |
Capitalized financial interests | 208,242 | [2]
Exchange differences capitalized | 1,867 |
Disposals | (873,792) |
Foreign currency translation | 4,947,893 |
Reclassifications/transfers | (183,124) |
Ending Balance | 161,578,372 |
Accumulated depreciation and impairment losses |  |
Property, plant, and equipment |  |
Beginning Balance | (58,595,202) |
Depreciation expense | (2,863,873) |
Loss of impairment | (5,282) |
Disposals | 794,635 |
Foreign currency translation | (1,800,051) |
Reclassifications/transfers | 29,295 |
Ending Balance | (62,440,478) |
Plant and equipment |  |
Property, plant, and equipment |  |
Beginning Balance | 29,945,731 |
Ending Balance | 31,398,859 |
Plant and equipment | Cost |  |
Property, plant, and equipment |  |
Beginning Balance | 54,852,955 |
Additions/capitalizations | 926,198 | [1]
Abandonment cost update | 0 |
Capitalized financial interests | 82,269 | [2]
Exchange differences capitalized | 682 |
Disposals | (525,351) |
Foreign currency translation | 2,532,965 |
Reclassifications/transfers | 530,350 |
Ending Balance | 58,400,068 |
Plant and equipment | Accumulated depreciation and impairment losses |  |
Property, plant, and equipment |  |
Beginning Balance | (24,907,224) |
Depreciation expense | (1,350,945) |
Loss of impairment | (5,282) |
Disposals | 501,218 |
Foreign currency translation | (938,701) |
Reclassifications/transfers | (300,275) |
Ending Balance | (27,001,209) |
Pipelines, networks and lines |  |
Property, plant, and equipment |  |
Beginning Balance | 35,096,170 |
Ending Balance | 35,399,855 |
Pipelines, networks and lines | Cost |  |
Property, plant, and equipment |  |
Beginning Balance | 58,584,592 |
Additions/capitalizations | 710,801 | [1]
Abandonment cost update | (28,679) |
Capitalized financial interests | 40,918 | [2]
Exchange differences capitalized | 339 |
Disposals | (249,046) |
Foreign currency translation | 1,470,361 |
Reclassifications/transfers | (629,507) |
Ending Balance | 59,899,779 |
Pipelines, networks and lines | Accumulated depreciation and impairment losses |  |
Property, plant, and equipment |  |
Beginning Balance | (23,488,422) |
Depreciation expense | (1,082,835) |
Loss of impairment | 0 |
Disposals | 228,212 |
Foreign currency translation | (582,135) |
Reclassifications/transfers | 425,256 |
Ending Balance | (24,499,924) |
Work in progress |  |
Property, plant, and equipment |  |
Beginning Balance | 13,802,523 |
Ending Balance | 15,456,789 |
Work in progress | Cost |  |
Property, plant, and equipment |  |
Beginning Balance | 15,490,281 |
Additions/capitalizations | 1,671,812 | [1]
Abandonment cost update | 0 |
Capitalized financial interests | 55,133 | [2]
Exchange differences capitalized | 598 |
Disposals | (21,665) |
Foreign currency translation | 88,757 |
Reclassifications/transfers | (188,743) |
Ending Balance | 17,096,173 |
Work in progress | Accumulated depreciation and impairment losses |  |
Property, plant, and equipment |  |
Beginning Balance | (1,687,758) |
Depreciation expense | 0 |
Loss of impairment | 0 |
Disposals | 0 |
Foreign currency translation | (81) |
Reclassifications/transfers | 48,455 |
Ending Balance | (1,639,384) |
Buildings |  |
Property, plant, and equipment |  |
Beginning Balance | 9,521,689 |
Ending Balance | 10,035,190 |
Buildings | Cost |  |
Property, plant, and equipment |  |
Beginning Balance | 16,668,026 |
Additions/capitalizations | 335,347 | [1]
Abandonment cost update | 0 |
Capitalized financial interests | 24,359 | [2]
Exchange differences capitalized | 202 |
Disposals | (8,810) |
Foreign currency translation | 612,551 |
Reclassifications/transfers | 259,575 |
Ending Balance | 17,891,250 |
Buildings | Accumulated depreciation and impairment losses |  |
Property, plant, and equipment |  |
Beginning Balance | (7,146,337) |
Depreciation expense | (348,907) |
Loss of impairment | 0 |
Disposals | 6,289 |
Foreign currency translation | (223,651) |
Reclassifications/transfers | (143,454) |
Ending Balance | (7,856,060) |
Lands |  |
Property, plant, and equipment |  |
Beginning Balance | 4,664,550 |
Ending Balance | 4,813,185 |
Lands | Cost |  |
Property, plant, and equipment |  |
Beginning Balance | 4,832,650 |
Additions/capitalizations | 9 | [1]
Abandonment cost update | 0 |
Capitalized financial interests | 0 | [2]
Exchange differences capitalized | 0 |
Disposals | 0 |
Foreign currency translation | 161,929 |
Reclassifications/transfers | (199) |
Ending Balance | 4,994,389 |
Lands | Accumulated depreciation and impairment losses |  |
Property, plant, and equipment |  |
Beginning Balance | (168,100) |
Depreciation expense | 0 |
Loss of impairment | 0 |
Disposals | 0 |
Foreign currency translation | (8,347) |
Reclassifications/transfers | (4,757) |
Ending Balance | (181,204) |
Other |  |
Property, plant, and equipment |  |
Beginning Balance | 2,140,639 |
Ending Balance | 2,034,016 |
Other | Cost |  |
Property, plant, and equipment |  |
Beginning Balance | 3,338,000 |
Additions/capitalizations | 95,294 | [1]
Abandonment cost update | 0 |
Capitalized financial interests | 5,563 | [2]
Exchange differences capitalized | 46 |
Disposals | (68,920) |
Foreign currency translation | 81,330 |
Reclassifications/transfers | (154,600) |
Ending Balance | 3,296,713 |
Other | Accumulated depreciation and impairment losses |  |
Property, plant, and equipment |  |
Beginning Balance | (1,197,361) |
Depreciation expense | (81,186) |
Loss of impairment | 0 |
Disposals | 58,916 |
Foreign currency translation | (47,136) |
Reclassifications/transfers | 4,070 |
Ending Balance | $ (1,262,697) |
[1] | Mainly includes: i) Ecopetrol S.A. projects in courses associated with the Castilla, Chichimene, Piedemonte, Caño Sur, Rubiales and Refinería de Barrancabermeja ii) Interconexión Eléctrica S.A. E.S.P projects in progress: UPME 09-2016 Copey–Cuestecitas, 500 kV, Copey–Fundación, 220 kV, UPME 04-2019 transmission line La Loma - Sogamoso 500 kV, connection of the Alpha and Beta wind farms to the Nueva Cuestecitas substation, Copey Second Circuit Project - Cuestecitas 500kV, connection of the Windpeshi wind project to the Cuestecitas 200kV substation and asset optimization plan.
[2] | Financial interest is capitalized based on the weighted average rate of loan costs.

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