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v3.21.1

Provision for Asset Retirement Obligation - Fuel Tanks | 12 Months Ended
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Dec. 31, 2020
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Provision for Asset Retirement Obligation - Fuel Tanks | # 21. Provision for a sset r etirement o bligation – f uel t anks T h e provision corresponds to the legal obligation to remove the subsidiary IPP’s underground fuel tanks located at by 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, 2017 | 64,774 |
Additions (new tanks) | 264 |
Expenditure with tanks removed | (12,752 | )
Accretion expense | 2,381 |
Balance as of December 31, 2018 | 54,667 |
Additions (new tanks) | 290 |
Expenditure with tanks removed | (5,456 | )
Accretion expense | 1,741 |
Balance as of December 31, 2019 | 51,242 |
Additions (new tanks) | 163 |
Expenditure with tanks removed | (4,306 | )
Accretion expense | 6,336 |
Balance as of December 31, 2020 | 53,435 |
Current | 4,267 |
Non-current | 49,168 |

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