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
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    • ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory

    27.
    Administrative, operations and project expenses
     
    The following is the detail of administration, operation and project expenses, according to their function, for the years ended December 31, 2017, 2016 and 2015:
     
     
     
    2017
     
    2016
     
    2015
     
    Administrative expenses
     
     
     
     
     
     
     
     
     
     
    General expenses
     
     
    723,341
     
     
    556,563
     
     
    393,971
     
    Labor expenses
     
     
    624,424
     
     
    657,051
     
     
    491,748
     
    Taxes (1)
     
     
    362,963
     
     
    663,889
     
     
    730,841
     
    Depreciation and amortization
     
     
    53,796
     
     
    45,765
     
     
    84,425
     
     
     
     
    1,764,524
     
     
    1,923,268
     
     
    1,700,985
     
    Operations and project expenses
     
     
     
     
     
     
     
     
     
     
    Exploration costs
     
     
    1,341,940
     
     
    728,590
     
     
    1,584,249
     
    Commissions, fees, freights and services
     
     
    471,657
     
     
    568,513
     
     
    878,259
     
    Taxes
     
     
    324,223
     
     
    286,331
     
     
    348,871
     
    Labor expenses
     
     
    310,947
     
     
    278,383
     
     
    309,021
     
    Maintenance
     
     
    122,273
     
     
    147,197
     
     
    181,630
     
    Depreciation and amortization
     
     
    95,516
     
     
    177,252
     
     
    86,215
     
    Fee for regulatory entities
     
     
    63,470
     
     
    87,325
     
     
    77,909
     
    Corporate projects
     
     
    29,702
     
     
    301,854
     
     
    456,159
     
    Others
     
     
    166,337
     
     
    176,242
     
     
    111,955
     
     
     
     
    2,926,065
     
     
    2,751,687
     
     
    4,034,268
     
     
    (1)
    Mainly corresponds to the recognition of the wealth tax. See Note 10 - Taxes.