Balances and changes in PP&E are as follows:

	Weighted average useful life (years)	Balance on 12/31/2019	Additions	Depreciation	Transfer (i)		Write- offs and disposals		Effect of foreign currency exchange rate variation	Balance on 12/31/2020
Cost:
Land	-	667,865	21,300	-	2,113		(14,427	)	10,257	687,108
Buildings	32	1,925,946	25,572	-	148,527		(27,210	)	81,875	2,154,710
Leasehold improvements	9	1,121,528	28,374	-	89,559		(16,954	)	315	1,222,822
Machinery and equipment	13	5,707,721	144,089	-	378,883		(5,554	)	273,223	6,498,362
Automotive fuel/lubricant distribution equipment and facilities	13	2,991,472	90,279	-	133,963		(46,394	)	-	3,169,320
LPG tanks and bottles	10	755,460	65,230	-	289		(44,500	)	-	776,479
Vehicles	8	320,161	22,495	-	8,363		(40,517	)	334	310,836
Furniture and utensils	9	295,604	13,985	-	6,775		(3,694	)	4,042	316,712
Construction in progress	-	827,086	506,367	-	(765,785	)	(1,167	)	14,194	580,695
Advances to suppliers	-	12,544	28,339	-	(6,185	)	(56	)	-	34,642
Imports in progress	-	250	1,437	-	(822	)	-		1	866
IT equipment	5	412,809	32,134	-	539		(2,827	)	2,189	444,844
		15,038,446	979,601	-	(3,781	)	(203,300	)	386,430	16,197,396

	Balance on 12/31/2019		Additions	Depreciation		Transfer (i)		Write- offs and disposals		Effect of foreign currency exchange rate variation		Balance on 12/31/2020
Accumulated depreciation:
Buildings	(793,835	)	-	(65,318	)	2,376		20,021		(14,641	)	(851,397	)
Leasehold improvements	(614,379	)	-	(80,995	)	49		6,252		(88	)	(689,161	)
Machinery and equipment	(3,231,627	)	-	(317,694	)	59		4,091		(53,133	)	(3,598,304	)
Automotive fuel/lubricant distribution equipment and facilities	(1,766,878	)	-	(176,404	)	(6	)	36,335		-		(1,906,953	)
LPG tanks and bottles	(425,554	)	-	(56,267	)	(30	)	27,200		-		(454,651	)
Vehicles	(139,045	)	-	(24,585	)	48		19,997		(269	)	(143,854	)
Furniture and utensils	(171,475	)	-	(21,060	)	7		2,988		(2,173	)	(191,713)
IT equipment	(318,063	)	-	(35,080	)	122		2,676		(1,911	)	(352,256	)
	(7,460,856	)	-	(777,403	)	2,625		119,560		(72,215	)	(8,188,289	)
Provision for losses:
Advances to suppliers	(110	)	-	-		-		-		-		(110	)
Land	(146	)	-	-		-		-		-		(146	)
Leasehold improvements	(1,599	)	910	-		-		639		(11	)	(61	)
Machinery and equipment	(2,875	)	-	-		-		156		(138	)	(2,857	)
Automotive fuel/lubricant distribution equipment and facilities	(98	)	-	-		-		25		-		(73	)
	(4,828	)	910	-		-		820		(149	)	(3,247	)
Net amount	7,572,762		980,511	(777,403	)	(1,156	)	(82,920	)	314,066		8,005,860

(i) Refers to amounts transferred between rubrics and to intangible assets.

	Weighted average useful life (years)	Balance on 12/31/2018	Additions	Depreciation	Transfer (i)		Write-offs and disposals		Effect of foreign currency exchange rate variation		Oxiteno Andina (*)		Balance on 12/30/2019
Cost:
Land	-	620,879	43,420	-	4,785		(2,017	)	1,059		(261	)	667,865
Buildings	32	1,801,073	18,117	-	105,861		(4,339	)	7,023		(1,789	)	1,925,946
Leasehold improvements	10	1,015,640	19,191	-	129,234		(42,552	)	15		-		1,121,528
Machinery and equipment	13	5,219,256	131,831	-	365,953		(4,967	)	9,596		(13,948	)	5,707,721
Automotive fuel/lubricant distribution equipment and facilities	14	2,864,333	103,288	-	81,038		(57,187	)	-		-		2,991,472
LPG tanks and bottles	10	743,016	65,351	-	(6,993	)	(45,914	)	-		-		755,460
Vehicles	7	308,756	24,686	-	7,564		(20,353	)	(394	)	(98	)	320,161
Furniture and utensils	9	279,016	15,009	-	4,399		(2,665	)	198		(353	)	295,604
Construction in progress	-	922,799	591,525	-	(695,301	)	(108	)	8,344		(173	)	827,086
Advances to suppliers	-	14,088	7,378	-	(8,921	)	-		(1	)	-		12,544
Imports in progress	-	41	9,513	-	(9,304	)	-		-		-		250
IT equipment	5	395,063	21,771	-	872		(5,249	)	352		-		412,809
		14,183,960	1,051,080	-	(20,813	)	(185,351	)	26,192		(16,622	)	15,038,446

	Balance on 12/31/2018		Additions		Depreciation		Transfer (i)		Write-offs and disposals		Effect of foreign currency exchange rate variation		Oxiteno Andina (*)	Balance on 12/31/2019
Accumulated depreciation:
Buildings	(743,117	)	-		(58,158	)	187		4,681		893		1,679	(793,835	)
Leasehold improvements	(558,042	)	-		(84,664	)	2,040		26,291		(4	)	‐	(614,379	)
Machinery and equipment	(2,969,209	)	-		(298,767	)	2,983		3,510		16,340		13,516	(3,231,627	)
Automotive fuel/lubricant distribution equipment and facilities	(1,657,608	)	-		(159,961	)	-		50,691		-		-	(1,766,878	)
LPG tanks and bottles	(401,056	)	-		(57,890	)	4,467		28,925		-		-	(425,554	)
Vehicles	(123,650	)	-		(27,106	)	28		11,274		311		98	(139,045	)
Furniture and utensils	(155,339	)	-		(18,944	)	(12	)	2,280		204		336	(171,475	)
IT equipment	(288,083	)	-		(34,782	)	50		5,061		(309	)	‐	(318,063	)
Construction in progress	(6,896,104	)	-		(740,272	)	9,743		132,713		17,435		15,629	(7,460,856	)
Provision for losses:
Advances to suppliers	(83	)	(27	)	-		-		-		-		-	(110	)
Buildings	(306	)	-		-		-		-		-		306	-
Land	(827	)	-		-		-		-		-		681	(146	)
Leasehold improvements	(1,385	)	(1,528	)	-		-		111		1,203		-	(1,599	)
Machinery and equipment	(6,117	)	-		-		-		769		1,138		1,335	(2,875	)
Automotive fuel/lubricant distribution equipment and facilities	(165	)	-		-		-		67		-		-	(98	)
Construction in progress	(38	)	-		-		-		-		-		38	-
Furniture and utensils	(70	)	-		-		-		1		-		69	-
	(8,991	)	(1,555	)	-		-		948		2,341		2,429	(4,828	)
Net amount	7,278,865		1,049,525		(740,272	)	(11,070	)	(51,690	)	45,968		1,436	7,572,762

(i) Refers to amounts transferred to intangible assets, inventories and right-of-use assets.

(*) Refers to the asset write-offs of Oxiteno Andina (see Note 3.b.6).

	Weighted average useful life (years)	Balance on 12/31/2017	Additions	Depreciation	Transfer (i)		Write-offs and disposals		Effect of foreign currency exchange rate variation		Balance acquisition TEAS (ii)	Balance on 12/31/2018
Cost:
Land	-	576,642	3,994	‐	9,261		(895	)	(1,238	)	33,115	620,879
Buildings	32	1,637,871	7,041	‐	151,937		(2,929	)	(10,914	)	18,067	1,801,073
Leasehold improvements	8	912,555	11,931	‐	103,371		(12,273	)	56		-	1,015,640
Machinery and equipment	13	4,721,931	115,171	‐	588,696		(4,895	)	(261,955	)	60,308	5,219,256
Automotive fuel/lubricant distribution equipment and facilities	13	2,729,522	98,478	‐	98,573		(62,240	)	-		-	2,864,333
LPG tanks and bottles	8	692,856	78,995	‐	2,552		(31,387	)	-		-	743,016
Vehicles	6	287,295	29,141	‐	18,061		(23,996	)	(1,745	)	-	308,756
Furniture and utensils	8	265,909	18,417	‐	6,078		(863	)	(10,570	)	45	279,016
Construction in progress	-	929,000	796,909	‐	(883,994	)	(578	)	81,462		-	922,799
Advances to suppliers	-	112,167	6,317	‐	(100,233	)	-		(4,163	)	-	14,088
Imports in progress	-	786	699	‐	(1,446	)	-		2		-	41
IT equipment	5	352,986	34,921	‐	7,942		(1,953	)	1,161		6	395,063
		13,219,520	1,202,014	‐	798		(142,009	)	(207,904	)	111,541	14,183,960

(i) Refers to amounts transferred to intangible assets, inventories and right-of-use assets as from 2019.

(ii) See Note 3.c.

	Balance on 12/31/2017		Additions		Depreciation		Transfer (i)		Write-offs and disposals		Effect of foreign currency exchange rate variation		Balance acquisition TEAS (ii)		Balance on 12/31/2018
Accumulated depreciation:
Buildings	(724,408	)	‐		(53,462	)	10,046		2,608		26,533		(4,434	)	(743,117	)
Leasehold improvements	(475,651	)	‐		(83,208	)	(4,574	)	5,398		(7	)	-		(558,042	)
Machinery and equipment	(2,980,166	)	‐		(271,867	)	1,143		3,449		288,461		(10,229	)	(2,969,209	)
Automotive fuel/lubricant distribution equipment and facilities	(1,545,806	)	‐		(162,815	)	(7,232	)	58,245		-		-		(1,657,608	)
LPG tanks and bottles	(328,384	)	‐		(88,308	)	(2,347	)	17,983		-		-		(401,056	)
Vehicles	(112,200	)	‐		(28,792	)	498		15,002		1,842		-		(123,650	)
Furniture and utensils	(148,575	)	‐		(18,482	)	(292	)	513		11,517		(20	)	(155,339	)
IT equipment	(260,859	)	‐		(30,659	)	2,702		1,819		(1,080	)	(6	)	(288,083	)
	(6,576,049	)	‐		(737,593	)	(56)		105,017		327,266		(14,689	)	(6,896,104	)
Provision for losses:
Advances to suppliers	(83	)	-		‐		‐		-		-		‐		(83	)
Buildings	-		(306	)	‐		‐		-		-		‐		(306	)
Land	(104	)	(723	)	‐		‐		-		-		‐		(827	)
Leasehold improvements	(564	)	(733	)	‐		‐		2		(90	)	‐		(1,385	)
Machinery and equipment	(4,724	)	(1,532	)	‐		‐		444		(305	)	‐		(6,117	)
Automotive fuel/lubricant distribution equipment and facilities	(169	)	-		‐		‐		4		-		‐		(165	)
Construction in progress	-		(38	)	-		-		-		-		-		(38	)
Furniture and utensils	(1	)	(69	)	‐		‐		-		-		‐		(70	)
	(5,645	)	(3,401	)	‐		‐		450		(395	)	‐		(8,991	)
Net amount	6,637,826		1,198,613		(737,593	)	742		(36,542	)	118,967		96,852		7,278,865

(i) Refers to amounts transferred to intangible assets, inventories and right-of-use assets as from 2019.

(ii) See Note 3.c.