XML 62 R53.htm IDEA: XBRL DOCUMENT
v3.24.3

Loans and borrowings (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Loans and borrowings |
Schedule of composition of loans and borrowings | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Interest rate* | ​ | June 30, | ​ | December 31,
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023
​ | ​ | ​ | ​ | ​ | ​ | (Unaudited) | ​ | ​
Local currency | ​ |  | ​ |  | ​ |  | ​ |
Bonds |  | 11.0 | % | 12.4 | % | 5,199,527 | ​ | 5,172,256
Syndicate and commercial loans |  | 12.8 | % | 12.9 | % | 4,155,058 | ​ | 4,323,198
Lease liabilities | ​ | 9.5 | % | 8.9 | % | 832,385 | ​ | 922,536
​ |  | ​ | ​ | ​ | ​ | 10,186,970 | ​ | 10,417,990
Foreign currency |  |  |  |  |  | ​ | ​ | ​
Bonds (1) |  | 6.8 | % | 6.4 | % | 81,915,520 | ​ | 72,774,985
Commercial and syndicate loans |  | 7.3 | % | 7.2 | % | 21,698,959 | ​ | 21,478,503
Loans from related parties (Nota 30) |  | 6.0 | % | 6.0 | % | 763,891 | ​ | 683,949
Lease liabilities |  | 6.4 | % | 6.0 | % | 454,226 | ​ | 460,100
​ |  | ​ | ​ | ​ | ​ | 104,832,596 | ​ | 95,397,537
​ |  | ​ | ​ | ​ | ​ | 115,019,566 | ​ | 105,815,527
Current |  | ​ | ​ | ​ |  | 16,039,201 | ​ | 15,550,008
Non–current |  | ​ | ​ | ​ |  | 98,980,365 | ​ | 90,265,519
​ |  | ​ | ​ | ​ | ​ | 115,019,566 | ​ | 105,815,527
* Weighted average effective interest rate for the end of each period.
(1) | As part of the refinancing and financing strategy, Ecopetrol S.A. successfully issued External Public Debt Bonds in the international capital market on January 9, 2024, for USD$1,850 million, with a maturity of 12 years, with a coupon rate of 8.375%.
​ Likewise, Ecopetrol S.A. made a public offering of its international bonds maturing in January 2025 (issued in 2014). The nominal amount in circulation of the bond is USD $1,200 million and with a coupon rate of 4.125%. As a result, offers were received for USD$737,350,000 of the total amount of the bonds, reaching a repurchase rate of 61.45%. ​
Schedule of maturity of loans and borrowings | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Up to 1 year |  | 1 - 5 years |  | 5-10 years |  | > 10 years |  | Total
Local currency |  |  |  |  |  |  |  |  |  |
Bonds |  | 256,361 |  | 1,260,604 |  | 1,541,559 |  | 2,141,003 |  | 5,199,527
Syndicate and commercial loans |  | 543,839 |  | 2,332,016 |  | 1,081,286 |  | 197,917 |  | 4,155,058
Lease liabilities | ​ | 218,081 | ​ | 407,498 | ​ | 205,644 | ​ | 1,162 | ​ | 832,385
​ |  | 1,018,281 |  | 4,000,118 |  | 2,828,489 |  | 2,340,082 |  | 10,186,970
Foreign currency |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
Bonds |  | 5,199,872 |  | 26,637,463 |  | 29,716,531 |  | 20,361,654 |  | 81,915,520
Syndicate and commercial loans | ​ | 8,974,990 | ​ | 10,896,344 | ​ | 1,332,783 | ​ | 494,842 | ​ | 21,698,959
Lease liabilities | ​ | 82,167 | ​ | 154,877 | ​ | 161,802 | ​ | 55,380 | ​ | 454,226
Loans from related parties |  | 763,891 |  | — |  | — |  | — |  | 763,891
​ |  | 15,020,920 |  | 37,688,684 |  | 31,211,116 |  | 20,911,876 |  | 104,832,596
Balance as of June 30, 2024 (Unaudited) |  | 16,039,201 |  | 41,688,802 |  | 34,039,605 |  | 23,251,958 |  | 115,019,566

X
- Definition The disclosure of detailed information about borrowings by maturity. + References No definition available. + Details
Name: | ec_DisclosureOfDetailedInformationAboutBorrowingsByMaturityTextBlock
Namespace Prefix: | ec_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ec_DisclosureOfLoansAndBorrowingsAbstract
Namespace Prefix: | ec_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_7&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration