XML 92 R83.htm IDEA: XBRL DOCUMENT v3.24.3
Property, plant, and equipment (Details)
$ in Millions
 6 Months Ended
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.