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
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001444406
  • Open this page in separate window: Click

    • ifrs-full:DisclosureOfInventoriesExplanatory

    8.
    Inventories, net
     
    The balance of inventories, net of allowance for losses, as of December 31, 2017 and 2016 is as follows:
     
     
     
    2017
     
    2016
     
    Crude oil
     
     
    1,836,363
     
     
    1,557,267
     
    Fuels and petrochemicals
     
     
    1,481,777
     
     
    1,270,870
     
    Materials for the production of goods
     
     
    1,283,256
     
     
    1,013,764
     
     
     
     
    4,601,396
     
     
    3,841,901
     
     
    The following is the changes of the allowance for losses, for the years ended December 31, 2017 and 2016:
     
     
     
    2017
     
    2016
     
    Opening balance
     
     
    265,435
     
     
    198,539
     
    Additions
     
     
    9,134
     
     
    41,957
     
    Foreign currency translation
     
     
    (4,266)
     
     
    50,053
     
    Uses
     
     
    (75,796)
     
     
    (25,114)
     
    Closing balance
     
     
    194,507
     
     
    265,435