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Provision for Asset Retirement Obligation - Fuel Tanks
12 Months Ended
Dec. 31, 2019
Text block [abstract]  
Provision for Asset Retirement Obligation - Fuel Tanks
21. 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, 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 
Additions (new tanks)
   290 
Expense with tanks removed
   (5,456
Accretion expense
   1,741 
  
 
 
 
Balance as of December 31, 2019
   51,242 
  
 
 
 
Current
   3,847 
Non-current
   47,395