ECOPETROL S.A. | CIK:0001444406 | 3

  • Filed: 4/26/2018
  • Entity registrant name: ECOPETROL S.A. (CIK: 0001444406)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1444406/000114420418022451/0001144204-18-022451-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1444406/000114420418022451/ec-20171231.xml
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    • ifrs-full:DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory

    The following is the movement of intangibles and their amortization and impairment for the years ended December 31, 2017 and 2016:
     
     
     
    Licenses and
    software
     
    Other
    intangibles (1)
     
    Total
     
    Cost
     
     
     
     
     
     
     
     
     
     
    Balance as of December 31, 2016
     
     
    784,320
     
     
    138,982
     
     
    923,302
     
    Acquisitions
     
     
    169,545
     
     
    6,323
     
     
    175,868
     
    Disposals
     
     
    (9,469)
     
     
    -
     
     
    (9,469)
     
    Foreign currency translation
     
     
    (1,414)
     
     
    (92)
     
     
    (1,506)
     
    Transfers
     
     
    17,574
     
     
    23,339
     
     
    40,913
     
    Balance as of December 31, 2017
     
     
    960,556
     
     
    168,552
     
     
    1,129,108
     
    Accumulated amortization
     
     
     
     
     
     
     
     
     
     
    Balance as of December 31, 2016
     
     
    (583,680)
     
     
    (67,490)
     
     
    (651,170)
     
    Amortization of the period
     
     
    (89,216)
     
     
    (18,830)
     
     
    (108,046)
     
    Disposals
     
     
    8,744
     
     
    -
     
     
    8,744
     
    Foreign currency translation
     
     
    979
     
     
    -
     
     
    979
     
    Transfers
     
     
    (2,242)
     
     
    2,853
     
     
    611
     
    Balance as of December 31, 2017
     
     
    (665,415)
     
     
    (83,467)
     
     
    (748,882)
     
     
     
     
     
     
     
     
     
     
     
     
    Net balance as of December 31, 2016
     
     
    200,640
     
     
    71,492
     
     
    272,132
     
    Net balance as of December 31, 2017
     
     
    295,141
     
     
    85,085
     
     
    380,226
     
    Useful life
     
     
    < 5 years
     
     
    < 7 years
     
     
     
     
     
     
     
    Licenses
    and software
     
    Other
    intangibles (1)
     
    Total
     
    Cost
     
     
     
     
     
     
     
     
     
     
    Balance as of December 31, 2015
     
     
    733,115
     
     
    244,063
     
     
    977,178
     
    Additions
     
     
    63,560
     
     
    5,693
     
     
    69,253
     
    Disposals
     
     
    (29,099)
     
     
    -
     
     
    (29,099)
     
    Foreign currency translation
     
     
    (9,359)
     
     
    (149)
     
     
    (9,508)
     
    Reclassifications
     
     
    26,103
     
     
    (110,625)
     
     
    (84,522)
     
    Balance as of December 31, 2016
     
     
    784,320
     
     
    138,982
     
     
    923,302
     
    Accumulated amortization
     
     
     
     
     
     
     
     
     
     
    Balance as of December 31, 2015
     
     
    (533,784)
     
     
    (55,343)
     
     
    (589,127)
     
    Amortization expense
     
     
    (81,913)
     
     
    (28,142)
     
     
    (110,055)
     
    Disposals
     
     
    29,097
     
     
    -
     
     
    29,097
     
    Foreign currency translation
     
     
    8,527
     
     
    1
     
     
    8,528
     
    Reclassifications
     
     
    (5,607)
     
     
    15,994
     
     
    10,387
     
    Balance as of December 31, 2016
     
     
    (583,680)
     
     
    (67,490)
     
     
    (651,170)
     
     
     
     
     
     
     
     
     
     
     
     
    Balance as of December 31, 2015
     
     
    199,331
     
     
    188,720
     
     
    388,051
     
    Balance as of December 31, 2016
     
     
    200,640
     
     
    71,492
     
     
    272,132
     
    Useful life
     
     
    < 5 years
     
     
    < 7 years
     
     
     
     
     
    (1)
    Corresponds mainly to easements.