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Annual Report 2006

	Situation of Liquid Assets
	Results for 2006 without non-commercial variables
	Value-based Management (EVA)
	Budget Execution
	Auditor’s Report
	Financial Statements
	Other Legal Provisions

Acknowledgments

Oil Infrastructure Map

Finances

Comparative Balance Sheet

Note: The above tables are a summary of the balance sheet of Ecopetrol S.A. The attached notes that are an integral
part of the report of the Auditor’s report are not published herein, but can be referred to on Ecopetrol’s website: www.ecopetrol.com.co

Original signed by
Javier G. Gutiérrez Pemberthy President	Jorge Hernando Martínez Jaime Public Accountant Professional License No. 14471-T	Francisco González Rodríguez Auditor Professional License No. 1 442-T Appointed by Ernst & Young Audit Ltda. TR-5 0 (See my report of February 22, 2007)

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ECOPETROL Annual Report 2006

© 2005 ECOPETROL S.A. Derechos Reservados.
Bogotá D.C. Edificio Principal Cr 13 No. 36 - 24
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