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:DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory

    The deferred income tax assets and liabilities are reported net in compliance with the requirements of international financial reporting standards (IAS 12).  As of December 31, 2017 and 2016, the deferred tax detail is as follows:
     
     
     
    2017
     
    2016
     
    Deferred tax assets (liabilities)
     
     
     
     
     
     
     
    Provisions (3)
     
     
    1,840,988
     
     
    1,875,965
     
    Employee benefits (2)
     
     
    1,373,561
     
     
    656,997
     
    Loss carry forwards
     
     
    611,766
     
     
    477,808
     
    Accounts payable
     
     
    208,618
     
     
    311,607
     
    Accounts receivable
     
     
    94,864
     
     
    133,840
     
    Property plant and equipment and Natural and environmental resources (1)
     
     
    (1,006,299)
     
     
    (220,315)
     
    Goodwill
     
     
    (408,932)
     
     
    (345,288)
     
    Borrowings and other financial liabilities
     
     
    -
     
     
    (113,497)
     
    Others
     
     
    (31,685)
     
     
    (168,806)
     
     
     
     
    2,682,881
     
     
    2,608,311
     
     
     
     
     
     
     
     
     
    Deferred tax assets
     
     
    4,016,161
     
     
    4,248,014
     
    Deferred tax liabilities
     
     
    (1,333,280)
     
     
    (1,639,703)
     
     
     
     
    2,682,881
     
     
    2,608,311
     
     
    (1)
    For tax purposes, natural and environmental resources and property, plant and equipment have a useful life and a depreciation and amortization calculation methodology different from those determined as per international accounting standards.
     
    (2)
    Actuarial calculations for health, retirement pensions, education, pension bonds and other benefits to long-term employees.
     
    (3)
    The most representative item corresponds to the provision for well abandonment.