
	2024	2023
Assets measured at fair value
Investments in equity securities and trust funds (1)	331,318	1,210,138
Investment Portfolio – Foreign currency	693,745	364,962
Hedging instruments (2)	65,797	231,463
Investment Portfolio – Local currency	31,819	54,887
	1,122,679	1,861,450
Assets measured at fair value through other comprehensive income
Investment Portfolio – Local currency (3)	2,676,959	—
Shares and other (4)	1,035,871	2,007
	3,712,830	2,007
Assets measured at amortized cost (5)	404,941	369,318
	5,240,450	2,232,775

Current	851,543	1,860,928
Non–current	4,388,907	371,847
	5,240,450	2,232,775

(1)	They include deposits in trusts companies and restricted funds in Brazil, Peru, Chile, and Colombia. See note 9.1.

(2)	Corresponds to swap contracts to hedge commodity price risk and forwards contracts to hedge exchange rate risk mainly in Ecopetrol S.A. and Interconexión Eléctrica S.A. E.S.P.

(3)	Corresponds to National Government TES securities to meet liquidity needs at Ecopetrol S.A.

(4)	Corresponds mainly to the recognition of McDermott shares in Refinería de Cartagena S.A.S. (see note 23.4)

(5)	Includes investments with maturities greater than 90 days, in Chile and Colombia.

Schedule of other financial assets recognized at fair value


	2024	2023
Level 1	3,052,575	1,526,458
Level 2	748,876	336,999
Level 3 (1)	1,034,058	—
	4,835,509	1,863,457

(1)

Corresponds to the recognition of McDermott’s shares in Refinería de Cartagena S.A.S. (see note 23.4). These shares were accounted as an equity instrument recognized at fair value in hierarchy level 3, they are not listed on a stock exchange and the refinery is a minority investor. After analyzing the information available for the valuation update as of December 31, 2024, it is concluded that the company does not have enough information available in the market to allow an update of the financial valuation of McDermott’s results in 2024 and its projected cash flows.

Other financial assets