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Provision for Asset Retirement Obligation - Fuel Tanks
12 Months Ended
Dec. 31, 2018
Text block [abstract]  
Provision for Asset Retirement Obligation - Fuel Tanks
20.

Provision for Asset Retirement Obligation – Fuel Tanks

The provision corresponds to the legal obligation to remove the subsidiary IPP’s underground fuel tanks located at Ipiranga-branded service stations after a certain use period (see Note 2.n).

Changes in the provision for asset retirement obligation are as follows:

 

Balance as of December 31, 2015

     74,716  

Additions (new tanks)

     483  

Expense with tanks removed

     (2,785

Accretion expense

     5,150  
  

 

 

 

Balance as of December 31, 2016

     77,564  

Additions (new tanks)

     537  

Expense with tanks removed

     (15,432

Accretion expense

     2,105  
  

 

 

 

Balance as of December 31, 2017

     64,774  

Additions (new tanks)

     264  

Expense with tanks removed

     (12,752

Accretion expense

     2,381  
  

 

 

 

Balance as of December 31, 2018

     54,667  
  

 

 

 

Current

     4,382  

Non-current

     50,285