Details of other components of equity as of December 31, 2020 and 2019, as follows:

	Statutory reserve		Defined benefit plan			Premium on convertible obligations		Translation result			Revaluation surplus				Total
Balance as of December 31, 2018	$	216,948	$	(125,417	)	$	77,106	$	(247,668	)	$	785,975			$	706,944
Revaluation of assets		-		-			-		-			379,420				379,420
Defined benefit plan		-		2,354			-		-			-				2,354
Reclassification from disposal of properties and depreciation		-		-			-		-			(202,228	)	(a)		(202,228	)
Total before taxes		-		2,354			-		-			177,192				179,546

Tax expense		-		(706	)		-		-			(113,826	)			(114,532	)
Total net of taxes		-		1,648			-		-			63,366				65,014
Balance as of December 31, 2019		216,948		(123,769	)	$	77,106	$	(247,668	)	$	849,341			$	771,958

		Statutory reserve		Defined benefit plan			Premium on convertible obligations		Translation result			Revaluation surplus				Total
Revaluation of assets		-		-			-		-			314,436		(b)		314,436
Defined benefit plan		-		10,953			-		-			-				10,953
Reclassification from revaluation of assets				-								(55	)	(a)		(55	)
Total before taxes		-		10,953			-		-			314,381				325,334

Tax expense		-		(3,286	)		-		-			(94,331	)			(97,617	)
Total net of taxes		-		7,667			-		-			220,050				227,717
Balance as of December 31, 2020	$	216,948	$	(116,102	)	$	77,106	$	(247,668	)	$	1,069,391			$	999,675

(a)

It corresponds to the reclassification of the revaluation surplus to accumulated losses from the sale of properties and disposals of vessels, as well as the depreciation for the period of revaluation of properties and vessels.

(b)

Corresponds to the revaluation of the land of the project called “Liquid Storage Terminal”, derived from changes in the conditions of the project generated by obtaining permits, the revaluation allows the Management to know the fair value of the property based on at its best use.