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Impairment of non-current assets (Tables)
12 Months Ended
Dec. 31, 2024
Impairment of non-current assets  
Schedule of impairment (losses) or reversals

Impairment (loss) reversal by segment

    

2024

    

2023

    

2022

Exploration and Production

 

(480,180)

 

(2,741,092)

 

(890,248)

Refining and Petrochemicals

 

1,265,753

 

1,482,444

 

1,096,021

Transport and Logistics

 

127,206

 

(630,134)

 

(406,229)

Electric power transmission and toll roads concessions

(45,351)

(209,551)

(87,543)

 

867,428

 

(2,098,333)

 

(287,999)

Recognized in:

 

 

 

Property, plant, and equipment (Note 14)

 

1,261,659

 

205,780

 

399,218

Natural resources (Note 15)

 

(332,968)

 

(2,153,532)

 

(623,074)

Investment in joint ventures and associates (Note 13)

 

15,374

 

(7,987)

 

(2,092)

Right of use assets (Note 16)

(26,953)

(26,063)

(10,785)

Other non-current assets

 

(49,684)

 

(116,531)

 

(51,266)

 

867,428

 

(2,098,333)

 

(287,999)

Schedule of breakdown of oilfields impairment losses or reversals

2024

Carrying

Recoverable

Impairment

Cash generating units

    

amount

    

amount

    

reversal (loss)

Oil fields in Colombia

 

  

 

  

 

  

Reversal

 

3,108,746

6,131,355

879,849

Loss

 

3,738,997

2,363,594

(1,375,403)

 

(495,554)

2023

Carrying

Recoverable

Impairment

Cash generating units

    

 amount

    

 amount

    

reversal (loss)

Oil fields in Colombia

Reversal

9,815,365

18,112,635

363,911

Loss

 

10,048,388

6,951,372

(3,097,016)

 

(2,733,105)

2022

    

Carrying

    

Recoverable

    

Impairment

Cash generating units

amount

amount

reversal (loss)

Oil fields in Colombia

 

  

 

  

 

  

Reversal

 

3,540,732

 

5,563,724

 

250,306

Loss

 

4,870,976

 

3,732,514

 

(1,138,462)

 

(888,156)

Schedule of refining and petrochemical segment

    

2024

    

2023

    

2022

Refinería de Cartagena S.A.S.

 

1,265,753

 

1,482,512

 

1,096,024

Invercolsa S.A.

 

 

(68)

 

(3)

1,265,753

1,482,444

1,096,021

The following is the Cash Generating Units impairment or reversals in the refining and petrochemical segment for the years ended December 31, 2024, 2023 and 2022:

2024

Carrying

    

Recoverable

Impairment

Cash–generating units

    

amount

 

amount

     

reversal (loss)

Refinería de Cartagena S.A.S.

 

28,237,532

35,329,614

1,265,753

 

1,265,753

2023

    

Carrying

    

Recoverable

    

Impairment

Cash–generating units

 

amount

 

amount

 

reversal (loss)

Refinería de Cartagena S.A.S.

 

26,423,190

 

27,905,702

 

1,482,512

Invercolsa S.A.

 

273

 

205

 

(68)

 

1,482,444

2022

    

Carrying

Recoverable

Impairment

Cash–generating units

 

amount

 

amount

 

reversal (loss)

Refinería de Cartagena S.A.S.

 

31,750,957

 

32,846,981

 

1,096,024

Invercolsa S.A.

 

276

 

273

 

(3)

 

1,096,021

Schedule of energy transmission and roads

Cash–generating units

    

2024

    

2023

    

2022

Non-current asset held for sale

 

(42,862)

 

(98,543)

Property, plant and, equipment

 

(4,161)

(97,760)

 

(38,821)

Intangibles

 

1,672

 

(13,248)

 

(48,722)

 

(45,351)

 

(209,551)

 

(87,543)

Investment in joint ventures  
Impairment of non-current assets  
Schedule of breakdown of oilfields impairment losses or reversals

    

2024

    

2023

    

2022

Equion Energía Limited

 

15,374

 

(7,987)

 

(2,092)

 

15,374

 

(7,987)

 

(2,092)

Exploration and Production  
Impairment of non-current assets  
Schedule of breakdown of oilfields impairment losses or reversals

    

2024

    

2023

    

2022

Oilfields

 

(495,554)

 

(2,733,105)

 

(888,156)

Investment in joint ventures

 

15,374

 

(7,987)

 

(2,092)

 

(480,180)

(2,741,092)

(890,248)