XML 49 R21.htm IDEA: XBRL DOCUMENT v3.21.1
Property, Plant, and Equipment
12 Months Ended
Dec. 31, 2020
Text block [abstract]  
Property, Plant, and Equipment

14. Property, plant, and equipment

 

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.


Construction in progress relates substantially to expansions, renovations, constructions and upgrade of industrial facilities, terminals, stores, service stations and distribution bases.


Advances to suppliers is related, basically, to manufacturing of assets for expansion of plants, terminals, stores, service stations and bases and acquisition of real estate.

 

The depreciation expenses were recognized in the financial statements as shown below:

 

 

2020

 

2019

 

2018


Inventories and cost of products and services sold

429,984

 

405,966

 

406,002


Selling and marketing

297,172

 

285,671

 

279,023


General and administrative

50,247

 

48,635

 

52,568


 

777,403

 

740,272

 

737,593