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
|
|
|